When autocomplete results are available use up and down arrows to review and enter to select.
The Federal Housing Administration posted two draft mortgagee letters on its Drafting Table for feedback:
Nonjudicial Foreclosure Process for Mortgages with Secretary-held Liens proposes policies and procedures for mortgagees to request that HUD release its secretary-held liens for all Title II Single Family forward mortgages following a nonjudicial foreclosure sale provided that the mortgagee complies with the requirements established in the ML.
Updates to Direct Endorsement Underwriter Eligibility Requirements proposes to eliminate the eligibility requirement that FHA-approved mortgagees employ direct endorsement underwriters on a full-time basis and to allow part-time DE underwriter employment.
Comments: Interested stakeholders can provide feedback until Monday, Nov. 25. Instructions for providing feedback are posted on the Drafting Table.
Previous News
The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.
ImageOct 25, 2024
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the 19th acquisition of a tax-paying bank by a tax-exempt credit union in 2024, which expands on this year’s annual record.
ImageOct 23, 2024
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s 1033 final rule released today.
Image
Oct 22, 2024
Related News Taxonomy
