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 ...

The Federal Housing Administration’s investigation into possible appraisal inflations on reverse mortgage loans revealed an issue the agency decided it must address. On Friday, the FHA announced that ...

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 ...

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 ...

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 ...

An FHA appraisal assesses your home’s market value and condition to determine whether it’s both safe to inhabit and a good investment. You’ll need to pass the FHA appraisal to receive an FHA loan for ...

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) ...

Insured by the Federal Housing Administration (FHA), FHA loans provide financing for home buyers who may need a higher credit score or down payment to qualify for a conventional mortgage. But while ...

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 ...

Kiara Taylor has worked as a financial analyst for more than a decade. Her career has involved a number of financial firms, including Fifth Third Bank, JPMorgan, and Citibank. She has filled a number ...