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
HUD to allow borrowers of FHA mortgages to obtain private flood insurance
Homeowners with the Federal Housing Administration-insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. The U.S. Department of Housing […]
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
FHA Commissioner Julia Gordon talks MIP cut
More than two years after mortgage industry trade groups began openly calling on the Federal Housing Administration (FHA) to cut annual premiums on mortgages the agency insures, the Biden administration and the FHA have done […]