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
Weely Real Estate News
FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers
The post FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers appeared first on Weekly Real Estate News.
Mortage News
FHA Announces Lower Mortgage Insurance Premiums
Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD […]
Housing Wire
HUD and FHA announce new appraisal bias protections
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value […]