This is the HUD national homeownership center reference guide mailing list for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUD’s National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings.
All-
New FHA Mortgagee Letter:
September 4, 2008
MORTGAGEE LETTER 2008-22
TO: ALL APPROVED MORTGAGEES
SUBJECT: Moratorium on Risk-Based Premiums for FHA Mortgage Insurance
The Housing and Economic Recovery Act of 2008 provides for a one-year moratorium on the implementation of FHA’s risk-based premiums beginning October 1, 2008. Consequently, effective with new FHA case number assignments on or after that date, FHA will no longer base its mortgage insurance premiums on a combination of credit bureau score and loan-to-value ratio. The new premiums (upfront and annual) to be implemented for all loans for which a case number is assigned on or after October 1, 2008, are described below. Mortgagee Letter 2008-16 is rescinded in its entirety. Please note that certain parts of that mortgagee letter are retained and reiterated in the guidance that follows…
To read this mortgagee letter and any attachments in their entirety, please visit: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ view the 2008 letters and click on the letter of your choice. Mortgagee Letters from previous years can be found on the same page.
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Notice for All HUD Approved Housing Counseling Agencies:
The purpose of this email is to provide clarification on HUD policy as it relates to HECM fees. The Housing and Economic Recovery Act of 2008 (H.R. 3321) was enacted into law on July 30, 2008. The new legislation prohibits lenders from paying either directly or indirectly for HECM counseling. This new policy is effective October 1, 2008.
HUD is aware that many HUD-approved agencies have relied on lender funding to support their HECM counseling program since funds from HUD’s grant program do not cover fully the costs of providing HECM counseling services and there are relatively few other funding streams available for this important service.
In order to help mitigate the elimination of this existing funding source for HECM counseling, HUD will now allow HUD-approved agencies providing HECM services to require payment from the client for the counseling session upfront. An agency can also choose to continue to allow clients to pay the counseling fee at the closing of the loan. If the fee is waived as a result of financial hardship, the client will not be required to pay the fee upfront or at the loan closing.
The language in the law does not prohibit lenders from providing funding for counseling services other than HECM.
Please send questions or comments to: housing.counseling@hud.gov
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New FHA training around the nation:
September 10-11, 2008 - Charlotte, NC. FREE FHA Education Sessions presented by the FHA Atlanta Homeownership Center. The training will cover topics such as Underwriting (Property and Credit), Loan Origination and Appraisal. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/anc091008.pdf
September 11, 2008 - Melville, NY. FHA Update for FHA Lenders. The Agenda will include FHA Modernization legislation, Hope for Homeowners program, Risk-Based Mortgage Insurance Premiums, Non-Traditional Credit, Declining Markets, FHASecure and more. Registration Required. Registration Required. More information at: http://www.hud.gov/event_registration/index_2.cfm?eventID=1249
September 11-12, 2008 - Lombard, IL. FREE FHA Education Sessions presented by the FHA Atlanta Homeownership Center. The training will cover topics such as Underwriting (Property and Credit), Loan Origination and Appraisal. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/ail091108.pdf
September 15, 2008 - Jackson, MS. Basic Loss Mitigation training for HUD Approved Housing Counselors and Local Servicing Lenders. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/ams091508.pdf
September 15-16, 2008 - Indianapolis, IN. FREE FHA Education Sessions presented by the FHA Atlanta Homeownership Center. The training will cover topics such as Underwriting (Property and Credit), Loan Origination and Appraisal. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/ain091508.pdf
September 15-17, 2008 - Orange Beach, AL. Basic Loss Mitigation training for HUD Approved Housing Counselors plus educational opportunities for originators and appraisers. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/aal091508.pdf
September 17, 2008 – San Antonio, TX. Advanced Direct Endorsement Underwriting. FREE, one-day class covers advanced FHA underwriting procedures and updates. The class is geared toward all experienced underwriters, loan officers and processors and will provide a thorough understanding of more complex situations regarding underwriting FHA-insured loans. Recommended for those with a minimum of 1 year experience of DE underwriting, best for those with 2 to 3 years experience. Registration required. More information at: http://www.hud.gov/event_registration/index_2.cfm?eventID=1258
September 17, 2008 - Newark, NJ. Basic Loss Mitigation Training. This training is for HUD approved Housing and Counseling Agencies will include a presentation of the basic loss mitigation options available to FHA Borrowers including Special Forbearance, Loan Modification, Partial Claim Loans, Pre-Foreclosure Sale, and Deed in Lieu of Foreclosure. Registration Required. More information at: http://www.hud.gov/event_registration/index_2.cfm?eventID=1245
September 18, 2008 – San Antonio, TX. The FHA Appraisal. FREE one-day class for appraisers & lenders will discuss FHA appraisal requirements including FHA Appraisal Protocol and the review of FHA property appraisals. Approved for seven (7) hours of Continuing Education Credit from the State of Texas. Registration required. More information at: http://www.hud.gov/event_registration/index_2.cfm?eventID=1257
September 18, 2008 – Las Vegas, NV. Free Basic FHA Training for NV Real Estate Agents, 3 Hrs RE General CE. FHA topics include borrower & property eligibility requirements, mortgage insurance premiums, mortgage programs, basic underwriting & appraisal issues, loss mitigation, & HudHomes. On-line registration no later than 9/16/08. Include your state RE license # in the “Position” block. Registration required, no fee More information at: http://www.hud.gov/event_registration/index.cfm
September 18-19, 2008 - Atlanta, GA. the ABC’s of FHA Lending. 2 sessions. FHA training for mortgage brokers, processors & loan officers. Sponsored by the Georgia Association of Mortgage Brokers Educational Foundation. 8 Hrs GA CEU credit. Registration required, fee. More information at: http://gambef.org/index.php?page=0
September 23-24, 2008 - Memphis, TN. FREE FHA Education Sessions presented by the Atlanta Homeownership Center. The training will cover topics such as Underwriting (Property and Credit), Loan Origination and Appraisal. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/atn092308.pdf
September 25, 2008 - Santa Ana, CA. FHA Education Series. Presented by the California Association of Mortgage Brokers (CAMB). Learn the most recent information on FHA legislation, programs & procedures for lenders, realtors, builders, appraisers & other mortgage professionals. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/sca092508.pdf
September 26, 2008 - Newport Beach, CA, FHA Reverse Mortgage Information Fair & Expo for Seniors. Learn from the experts about the benefits & risks of reverse mortgages. Limited exhibitor space still available, for more information email: Shelby@irmevents.com or visit http://www.nrmlaonline.org
October 9, 2008 - Greenville, SC. A Guide to FHA/VA Mortgage Lending. Sponsored by the South Carolina Mortgage Brokers Association (SCMBA). CE Credit for qualified professionals. Registration required, fee. More information at: http://www.scmba.org/613638.html
October 2-3, 2008 - ABC’s of FHA at the OKAMP Education Conference. Sponsored by the Oklahoma Association of Mortgage Professionals. CE credit for OK & AR Professionals. Registration required, fee. More information at: http://www.okamp.com/index2.html
November 17-19, 2008 - Los Angeles, CA. National Reverse Mortgage Lenders Association (NRMLA) 2008 Annual Meeting & Expo. Registration required, fee. More information at: http://www.nrmlaonline.org/annual2008/%20
November 19, 2008 - Oklahoma City, OK. National Servicing Center presents training on SF Default Monitoring System (SFDMS) Reporting, FHA Connection, Credit Alert Interactive Voice Response System (CAIVRS), Mortgage Insurance Premium (MIP Portfolio Reconciliation), Tier Ranking System (TRS), and Rollout of Servicing Scorecard. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
February 18-19, 2009 - Oklahoma City, OK. National Servicing Center Early Delinquency Servicing Activities and HUD’s Loss Mitigation Program. This training is for HUD-approved mortgagees, HUD-approved Housing Counselors, and Nonprofit Housing Counselors. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
April 15, 2009 - Oklahoma City, OK. National Servicing Center presents training on SF Default Monitoring System (SFDMS) Reporting, FHA Connection, Credit Alert Interactive Voice Response System (CAIVRS), Mortgage Insurance Premium (MIP Portfolio Reconciliation), Tier Ranking System (TRS), and Rollout of Servicing Scorecard. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
May 13-14, 2009 - Oklahoma City, OK. National Servicing Center Early Delinquency Servicing Activities and HUD’s Loss Mitigation Program. This training is for HUD-approved mortgagees, HUD-approved Housing Counselors, and Nonprofit Housing Counselors. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
August 19-20, 2009 - Oklahoma City, OK. National Servicing Center Early Delinquency Servicing Activities and HUD’s Loss Mitigation Program. This training is for HUD-approved mortgagees, HUD-approved Housing Counselors, and Nonprofit Housing Counselors. Registration required, no fee. More information at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
Online FHA Processing Training Class for Mortgage Processors, Underwriters & Originators. Sponsored by the IRC. Live, instructor led online FHA training classes to students nationwide. Registration required, fee. More info at: http://www.fha-training.org/
NeighborWorks® Training Institute conducts frequent training workshops around the nation for non-profit housing professionals. Scholarships are available on a limited basis for qualified non-profit agencies. More info at: http://nw.org/network/training/training.asp
The Illinois Mortgage Bankers Association (IMBA) conducts frequent training workshops for mortgage professionals on FHA subjects. Visit their website for a calendar of upcoming training opportunities. More info at: http://www.imba.org/i4a/pages/index.cfm?pageid=1
Live & Online FHA Mortgage Training Classes for Mortgage Professionals nationwide. Sponsored by Dekalb Metro Housing Counseling Center. Visit them on-line for more info. Fee. More info at: http://www.dekalbmetrohousing.org/
The Illinois Association of Mortgage Professionals has frequent training courses for mortgage industry professionals. Visit their website for more information. Fee. More info at: http://www.iamp.biz/educationregistrationforms.asp
Illinois Operation Homefront sponsors live instructor-led mortgage training across the country. Visit their website for more information. Fee.
For more information on, and to register for these training opportunities please visit: http://www.hud.gov/offices/hsg/sfh/events/events
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This is the FHA Single Family Housing listserv for real estate industry professionals that are interested in updates to Mortgagee letters, Notices, Guidebooks, Housing Counseling, FHA Reference Guide, Mortgage Limits, Career Opportunities, Grants, Contracting Opportunities & Housing Industry Training. Please visit us at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm or visit our new homepage at: http://www.fha.gov
You can find a directory of states that are serviced by the four FHA Homeownership Centers (HOC) on the web at: http://www.hud.gov/offices/hsg/sfh/hoc/hsghocs.cfm
Servicing lenders can visit FHA’s National Servicing Center on-line at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm
For FHA technical support, please contact the FHA Resource Center: http://faq.fha.gov Search our online knowledge base and find answers to our most commonly asked questions. Use “live help” to get on-line technical support. You can also get email technical support at: hud@custhelp.com or phone FHA toll-free between 8:00 a.m. and 8:00 p.m. ET (5:00 a.m. to 5:00 p.m. PT) at: (800) CALLFHA or (800) 225-5342. Call FHA TDD at: (877) TDD-2HUD (877) 833-2483).
To find the FHA S/F Reference Guide on-line please visit: http://www.hud.gov/offices/hsg/sfh/ref/hsgrcont.cfm
Find out about FHA training by visiting our Events and Training calendar at: http://www.hud.gov/offices/hsg/sfh/events/events.cfm
Do you want to find out about current HUD Contracting Opportunities? To obtain a listing of the current opportunities please visit: http://www.hud.gov/offices/cpo/contract.cfm For more information please see the HUD contracting homepage at: http://www.hud.gov/offices/cpo/index.cfm
Do you want to find out about career opportunities at HUD? Visit: http://www.usajobs.opm.gov/ Please see the HUD section at: http://jobsearch.usajobs.opm.gov/a9hud.asp Application forms can be found at: http://www.usajobs.opm.gov/forms.asp
Find out about grant opportunities by visiting HUD’s Funds Available website at: http://www.hud.gov/offices/adm/grants/fundsavail.cfm
For all FHA publications visit HudClips at http://www.hud.gov/offices/adm/hudclips/index.cfm You can order hardcopies at: http://www.hud.gov/offices/adm/dds/index.cfm
Do you need to find a FHA form? You can also find all FHA forms on the HUDClips website at: http://www.hud.gov/offices/adm/hudclips/forms/
For information on Presidentially Declared Disaster areas and to learn how HUD can help, please see: http://www.hud.gov/offices/hsg/sfh/nsc/disaster.cfm or contact the National Servicing Center in Oklahoma City, 1-888-297-8685. Also see: http://www.hud.gov/katrina/index.cfm
This list does not provide HudHome property listings. To see the latest list of all HudHomes nationwide please visit: http://www.hud.gov/homes/homesforsale.cfm
This list will often provide training opportunities and event announcements for non-profit and local government HUD partners. HUD does not endorse the organizations sponsoring linked websites, and we do not endorse the views they express or the products/services they or their community/business partners offer. For more information on HUD’s web policies please visit: http://www.hud.gov/assist/webpolicies.cfm
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If you have a mortgage industry friend that you want to subscribe to the national hoc reference guide mailing list here are 4 ways to do it: 1. email their email address to: jerrold_h._mayer@hud.gov or 2. send them this link: http://www.hud.gov/offices/hsg/sfh/ref/hsgregst.cfm they can sign up for the email list there. or 3. forward them this email or 4. Visit http://www.firstgov.gov/ and subscribe at: http://contacts.gsa.gov/listgov.nsf/
To unsubscribe - goto: http://www.hud.gov/subscribe/index.cfm and click on “National Homeownership Center Reference Guide” and follow the unsubscription instructions on that page.
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fha appraiser, fha appraisal
