FHA

Legislation, Regulations and News

• FHA Interest Rate Reduction Polices

• FHA to Soon Exhaust Multifamily Mortgage Insurance Program Authority
  Issue expected to temporarily delay final loan commitments until Congress addresses the remainder of the 2013 fiscal budget. (March 2013)

• FHA Financial Report Fuels Debate Over Government Role in Housing Finance
  Report highlights weaknesses in the agency’s single-family mortgage program, spurring more questions about the value of government backstops in the housing market. (November 2012)

• Multifamily Mortgage Insurance Premiums to Increase
  HUD announces new mortgage insurance premiums to take effect Oct. 1, 2012. (August 2012)

• FHA Proposes Multifamily Premium Increase
  NMHC/NAA oppose HUD’s proposed multifamily mortgage insurance premium increases, arguing that the rate hikes are unnecessary given the strong performance of the agency’s multifamily portfolio and additional risk-reducing lending strategies recently put in place.

• FHA Issues New Requirements on Large Loans
  Borrowers on loans over $50 million will face stricter requirements (February 2012)

• FHA Moves to Streamline Loan Processing and Field Office Delegation
  New guidelines aim to reduce application backlog. (December 2011)

• FHA Proposes Multifamily Premium Increase
  NMHC/NAA oppose HUD’s proposed multifamily mortgage insurance premium increases, arguing that the rate hikes are unnecessary given the strong performance of the agency’s multifamily portfolio and additional risk-reducing lending strategies recently put in place.

• 2011 HUD Multifamily Accelerated Processing Guide

• HUD Proposal: Revisions to Multifamily Loan Closing Documents
  HUD proposal to substantially change multifamily loan closing documents, including a proposal to retain some limited recourse liability for some principles. (January 2010)

• HUD Ruling: Land Costs No Longer Included in Per-Unit Mortgage Loan Limits
  New interpretation of statute will substantially increase the amount of loan proceeds apartment firms can obtain with FHA loans.

• FHA Increases Net Worth Requirements for FHA Multifamily Lenders
  Approved lenders and applicants will be required to have a minimum $1 million net worth

Resources for Practitioners

• HUD's Multifamily Accelerated Processing Program

• HUD Multifamily Hubs and Program Centers