The SCIF will be required for loan applications dated on or after Aug. 28.
The post FHA Requires Lenders to Start Using SCIF appeared first on Weekly Real Estate News.
FHA Requires Lenders to Start Using SCIF
Housing Wire
FHA solicits feedback on the rare small-balance mortgage
The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. The Department of Housing […]
Housing Wire
Open Mortgage has FHA direct endorsement authority terminated in Iowa
The U.S. Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD placed Open Mortgage on credit watch for the Des […]
Weely Real Estate News
FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
The Federal Housing Administration (FHA) has increased the allowable property inspection fee limits for property inspections of single-family homes associated with defaulted FHA-insured mortgages. The inspections are used in a servicer’s preservation and protection of […]