TITLE

Talks Could Cut Billions From FHA Loan Claims

AUTHOR(S)
Berry, Kate
PUB. DATE
November 2011
SOURCE
American Banker;11/28/2011, Vol. 176 Issue 182, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. Department of Housing and Urban Development's (HUD's) proposed settlement with mortgage servicers that could save the banking industry billions of dollars. With the HUD settlement, banks will be released from liability linked to their loss-mitigation practices regarding delinquent loans insured by the Federal Housing Administration (FHA).
ACCESSION #
67511534

 

Related Articles

  • HUD extends support for 'flipping' homes.  // Hill;12/4/2012, Vol. 19 Issue 134, p8 

    The article offers information on the extended waiver that permits the Federal Housing Authority (FHA) to issue loans to buyers who remodel and sell their homes with greater value which was implemented by the Department of Housing and Urban Development (HUD).

  • HUD Updates the FHA Handbook.  // National Mortgage News;8/28/2006, Vol. 30 Issue 46, p2 

    The article reports that the Federal Housing Administration (FHA) handbook has been updated by the U.S. Department of Housing and Urban Development (HUD). HUD has enforced its policy that loan officers cannot be independent contractors and they must work exclusively for the FHA-approved lender....

  • Credit Reform: HUD's Fiscal Year 2000 Credit Subsidy Budget Estimates Were Reasonable, But Could Have Been Improved: AIMD-00-60R. Calbom, Linda M. // GAO Reports;1/14/2000, p1 

    GAO provided information on the Federal Housing Administration's credit subsidy budget estimates used to formulate the President's fiscal year (FY) 2000 budget to determine whether: (1) these estimates were reasonable; and (2) any changes need to be made to the credit subsidy estimation process...

  • FHA Readies New Delinquency Reporting Requirements.  // Mortgage Servicing News;Sep2006, Vol. 10 Issue 8, p14 

    The article reports on the preparation of the U.S. Federal Housing Administration (FHA) to unveil its new default reporting requirements. The details of the plan are described in the Department of Housing and Urban Development's mortgage letter that was sent and approved by the FHA lenders in...

  • FHA Charts Recovery After Premium Cut. Collins, Brian // Cujournal.com;6/12/2015, p1 

    The article discusses the satisfaction of the U.S. Department of Housing and Urban Development Secretary Julian Castro over the Federal Housing Administration's (FHA) accomplishment in reducing its mortgage insurance premiums which pushed loan volumes up. It mentions Castro's optimism that FHA...

  • HUD gives options for defaulted loans. Jacobs, Barry G. // National Real Estate Investor;Dec95, Vol. 37 Issue 13, p18 

    Reports that the United States Department of Housing and Urban Development has revised its regulations for Federal Housing Administration coinsured multifamily mortgages. Provisions of the new regulations; Fees that needs to be paid.

  • HUD Disciplines 77 FHA Program Lenders. Julavits, Robert // American Banker;9/20/2000, Vol. 165 Issue 181, p10 

    Reports that the United States Housing and Urban Development Department has sanctioned 77 lenders for violations of Federal Housing Administration program rules. Suspension of fifteen lenders out of the program; Fines and mandatory restructuring ordered on some mortgages backed by the federal...

  • HUD insures assisted living facility mortgages.  // Mortgage Banking;Jan95, Vol. 55 Issue 4, p8 

    Reports on the final rule by the Department of Housing and Urban Development (HUD) which extends the Section 232 of the Federal Housing Administration (FHA) insurance program to include assisted living facilities providing care for the aged.

  • HUD Scales Back Increase in FHA Net Worth Rule.  // National Mortgage News;12/3/2001, Vol. 26 Issue 11, p21 

    Reports the move of the Department of Housing and Urban Development to raise the net worth requirements for Federal Housing Administration (FHA) single-family loan correspondents in the United States. Amount and effectivity of the increase; Purpose for the net worth rule reform; Regulation for...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics