The Federal Housing Administration (FHA) this week announced that the ability for property appraisals to be conducted via an exterior-only inspection – a core relief component for the reverse mortgage ...

FHA loans offer flexibility to borrowers with low credit scores and limited funds for a home down payment. But there’s one area where FHA lenders can’t be flexible: the appraisal. Any property that’s ...

The world’s largest mortgage insurer can only check for mortgage defects on a “small” number of mortgages due to technological shortcomings and that’s leading to a potential rise in appraisal-related ...

Britney Crawford, James Wright Jr. On May 1, 2024, the Federal Housing Administration (FHA) issued Mortgagee Letter (ML) 2024-07 titled “Appraisal Review and Reconsideration of Value Updates,” which ...

The Appraisal Institute, the nation’s largest organization of real estate appraisers, has celebrated a significant victory for the appraisal profession in the wake of the Federal Housing ...

StreetLinks National Appraisal Services announces its full compliance with FHA Mortgagee Letter 2009-28 released several weeks ago. FHA has long advised lenders and appraisers of the importance of ...

Government-backed loans like FHA, VA, and USDA loans, often touted easier to get, actually have higher denial rates than conventional loans. Government loans do offer lower down payment and credit ...

WASHINGTON — The Federal Housing Administration will now require lenders originating certain new reverse mortgages to offer a second property appraisal in cases where property valuations may be ...

When selling your home, the goal is to get lots of strong offers from well-qualified buyers. Some of those offers may come from borrowers using loans backed by the Federal Housing Administration (FHA) ...

In Mortgagee Letter 2020-05, dated March 27, 2020, the U.S. Department of Housing and Urban Development (HUD) provides guidance on the modifications to re-verification of employment requirements for ...

Q: My wife and I put a very good offer on a house in West Mayfair, but the seller turned it down because we are using an FHA loan. We don’t have enough money saved to switch to a conventional loan.