The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-13 this week, which requires the use of a form that allows borrowers to voluntarily state their language preferences and ...

The Federal Housing Administration (FHA) on Monday announced that it has revised two of its forms relevant to condominium owners seeking FHA relief in the form of loan programs or certification: its ...

The U.S. Department of Housing and Urban Development (HUD) has created a variety of standardized forms for use in certain mortgage transactions and HUD programs. One common HUD form is the HUD-1 ...

For anyone buying a home this spring, beware: There could be some kinks with the paperwork. In January, the Department of Housing and Urban Development rolled out sweeping changes to the Good Faith ...

The information being collected consists of various HUD forms that program participants complete with project specifications, technical descriptions, details, and/or signatures that are utilized by ...

A home appraisal and a home inspection are not the same. An appraisal provides a professional opinion as to the estimated market value of the home. A home inspection gives a detailed report on the ...

FHA inspection involves an appraiser taking a magnifying glass to your home to make sure it's safe. For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection ...

Q: I paid $160,000 for a condominium recently. On the HUD-1 statement, the sales price was listed as $160,000 but there was also a cost of $30,000 that I had to pay. This was a short sale. I would ...