FHA Single Family Housing

FHA Publishes Guidance on Condominium Processing:
FHA Mortgagee Letters 2009-46A & 2009-46B published on 11/09/09 provide updated guidance on condominium processing & project approval.

FHA Issues Guidance on Appraisals:
FHA mortgagee letter 2009-48 "Second Appraisal Reporting Requirements" modifies FHA’s requirements for second appraisals, eliminating the need for a second appraisal on high balance loans in declining markets.

FHA Issues Property Flipping Waiver:
Section 203.37a(b)(2) of the FHA regulations, 24 CFR, is hereby waived for a period of one year, September 14, 2009 through September 13, 2010, with regard to sales of previously foreclosed or abandoned properties acquired and resold by for-profit and non-profit entities using funding from and performing under agreements with state & local government agencies under the NSP program. More...

Foreclosure Rescue Scams Targeted:
Federal, state partners announce multi-agency crackdown targeting foreclosure scams & modification fraud. Read the press release, Download the brochure. Visit: www.makinghomeaffordable.gov

FHA's Lender Insurance Program:
FHA's Lender Insurance Program (LI) enables high-performing lenders to process FHA loans easier & more efficiently. LI lenders are better able to expand the availability of affordable FHA financing for potential homebuyers. Find out more.