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 ...

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion ...

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 ...

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 ...

In a series of Mortgagee Letters, dated Sept. 18, 2009, the U.S. Department of Housing and Urban Development (HUD) provided new guidelines affecting the independence, portability, and validity periods ...

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) ...

Home appraisals involve paperwork and physical property inspections, and buyers should know the Federal Housing Administration is stricter about them for its government-backed loans than are brokers ...

An FHA appraisal confirms that your home will qualify for an FHA loan. It's not an inspection, but the FHA appraiser will check for structural soundness and safety. Some or all of the mortgage lenders ...

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.

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