Search Results for keywords:"National Housing Act"

In this notice, the Department of Housing and Urban Development (HUD) details the actions taken by its Mortgagee Review Board against various mortgage companies. These actions include penalties and the withdrawal of FHA approval for violations like failure to maintain required financial standards, incorrect certifications, and untimely notifications of sanctions. The penalties often involve civil money fines and, in some cases, settlement agreements that do not admit fault. The document lists numerous mortgage companies and their specific violations as part of HUD's compliance enforcement efforts.

The Department of Housing and Urban Development (HUD) has announced an adjustment to the Basic Statutory Mortgage Limits for its Multifamily Housing Programs. This change, effective January 1, 2025, reflects a 3.4% increase based on the Consumer Price Index for All Urban Consumers. The adjusted mortgage limits apply to FHA multifamily mortgage insurance applications submitted on or after this date. This adjustment does not require environmental review as it does not affect the physical state of project areas.

The Department of Housing and Urban Development (HUD) has announced changes in the interest rates for debentures associated with loans or mortgages insured by the Federal Housing Administration. For the period starting January 1, 2021, debentures issued under one section of the National Housing Act will have an interest rate of 3/4 percent, and under other sections, the rate is 1 3/8 percent. The rates are determined based on when the loan or mortgage was committed or endorsed and have been approved by the Secretary of the Treasury. The notice outlines these interest rates and provides instructions for insurance claims paid in cash.