Archive for April 2012

FHA Loss Mitigation Webinar Series:

April 27, 2012

http://ping.fm/BQZ0X

This Came in in a HUD Email –

June – September, 2012 – Webinar: FHA Loss Mitigation Series: FHA now offers a series of new Loss Mitigation webinars designed for FHA Approved Servicing Lenders and Housing Counseling Agencies. The webinar modules provide participants with a detailed overview of FHA’s Loss Mitigation options and process workflows; including how servicers must apply the waterfall priority, FHA’s definition of key timelines, SFDMS reporting requirements, claim filing process, industry best practices, and an opportunity to participate in customer case studies. Offering the webinars exclusively to our servicing partners allows us to focus on servicer requirements and questions. Participating with other loss mitigation stakeholders also presents an opportunity for you to share issues and best practices. We encourage all staff and managers engaged in the Loss Mitigation process from collections to claims and counseling to attend. The classes will serve as a refresher course for your seasoned staff and provide an excellent foundation for new staff working with Loss Mitigation. These Loss Mitigation Webinars will be conducted as a series on a rotating basis. FHA is providing two scheduled opportunities for training sessions. All webinars will be held on a Wednesday at 2:00 pm EST, and are 2 hours in duration. Housing Counselors may register by completing all information on the registration site and entering “00000” for the Lender ID. Registration is required, no fee.

Schedule 1 will be from June 06, 2012 – July 18, 2012:

June 06, 2012 – Webinar I: Overview HUD Early Delinquency Activities and Loss Mitigation Program. Register at: http://ping.fm/KDzud

June 13, 2012 – Webinar II: HUD Loss Mitigation – Home Retention Options. Register at: http://ping.fm/iNLMd

June 20, 2012 – Webinar III: HUD Loss Mitigation Disposition Options – Pre-Foreclosure Sale & Deed in Lieu. Register at: http://ping.fm/UoRPF

June 27, 2012 – Webinar IV: SFDMS – Default Reporting. Register at: http://ping.fm/pNHWA

July 11, 2012 – Webinar V: HUD’s Neighborhood Watch System – Servicer Tools. Register at: http://ping.fm/bKlzw

July 18, 2012 – Webinar VI: FHA Claims. Register at: http://ping.fm/b0d0R

Schedule 2 will be from August 01, 2012 – September 12, 2012:

August 01, 2012 – Webinar I: Overview HUD Early Delinquency Activities and Loss Mitigation Program. Register at: http://ping.fm/oxyZ9

August 08, 2012 – Webinar II: HUD Loss Mitigation – Home Retention Options. Register at: http://ping.fm/BJoio

August 15, 2012 – Webinar III: HUD Loss Mitigation Disposition Options – Pre-Foreclosure Sale & Deed in Lieu. Register at: http://ping.fm/Tx2qk

August 22, 2012 – Webinar IV: SFDMS – Default Reporting. Register at: http://ping.fm/srUDQ

August 29, 2012 – Webinar V: HUD’s Neighborhood Watch System – Servicer Tools. Register at: http://ping.fm/gFHjv

September 12, 2012 – Webinar VI: FHA Claims. Register at: http://ping.fm/paWAp

In addition to these loss mitigation webinars, FHA also offers web-based EClass training modules at: http://ping.fm/HON6D You can also attend “Live” Early Delinquency Servicing Activities, and FHA’s Loss Mitigation Program training which can be found at: http://ping.fm/Nyd1G For more information, visit the FHA National Servicing Center online at: http://ping.fm/eDjZ7

FHA Appraiser Training Comes to Sacramento, CA:

April 27, 2012

http://fhacondosapproval.com

This just in from a HUD Email

May 09, 2012 – Sacramento, CA. Completing Today’s FHA Appraisal. Attend this “Live” 1-day class where FHA trainers will discuss how to complete an FHA appraisal and highlight recent program changes. This training is highly valuable for appraisers who would like to be added to the FHA Appraisers Roster and is an excellent review for those who are currently on the Roster. Although the training is designed for appraisers, FHA mortgage underwriters and other industry professionals that work with FHA appraisals would find this training beneficial as well. This class is approved by the State of California for seven (7) Continuing Education (CE) Credits for CA licensed appraisers. Presented by FHA’s Santa Ana Homeownership Center. Registration required, no fee. Please register on-line at:

http://ping.fm/4qBD4

Space is limited, seating will fill up fast. RSVP today to reserve your place.

Three New FHA Webinars

April 24, 2012

http://ping.fm/tPSoS

May 10, 2012 – Webinar: FHA Changes and Updates. This training will cover the latest updates as announced in FHA’s most recent Mortgagee Letters. Do not miss this opportunity to learn about these important topics for today’s market. 12:00 pm – 1:00 pm PST. Sponsored by the National Association of Professional Mortgage Women (NAPMW) and HUD. Attendance is limited to first come. Registration required, no fee. Register today at:

http://ping.fm/qVtyl

May 24, 2012 – Webinar: FHA Condominium Eligibility Requirements. This training will cover the latest updates on FHA condominium eligibility only. The condominium approval process will NOT be covered in this webinar. Learn what is needed for a condo project to be eligible for FHA’s insured mortgage programs. 10:00 am – 11:00 am PST. Sponsored by the National Association of Professional Mortgage Women (NAPMW) and HUD. Attendance is limited to first come. Registration required, no fee. Register today at:
http://ping.fm/qSdZR

June 7, 2012 – Webinar: Selling HUD REO’s. This training will cover the roles of the Asset and Field Service Managers; who can purchase and sell HUD REO’s; types of HUD Home listings; electronic bidding; “incentive” programs; common delays, and more. 10:00 am – 11:00 am PST. Attendance is limited to first come. Registration required, no fee. Register today at:
http://ping.fm/QXcJk

Space is limited, register today to reserve your place.

AND

HUD Fair Housing Training Comes to Riverside CA:

April 30, 2012 – Riverside, CA. Regional Fair Housing National Origin Discrimination Training. Please join our keynote speaker HUD Assistant Secretary John D. Trasvina, of the Office of Fair Housing and Equal Opportunity for this unique training opportunity. This training will cover: An overview of Fair Housing Laws including National Origin discrimination under the Fair Housing Act; Title VI limited English proficiency guidelines for federally funded programs; Panel discussion on current fair housing and civil rights issues faced by immigrant communities in the Inland Empire area for any questions please contact Ana L. Gutierrez, FHEO, Los Angeles Office (213) 534-2594. Registration required, no fee. To register please visit:

http://ping.fm/aSSpB

AND

FHA Training and Other Events:

April 25, 2012 – Webinar: Underwriting the FHA Appraisal. The appraisal is the lender’s tool for determining if a property meets the minimum requirements and eligibility standards for a FHA-insured mortgage. Underwriters bear responsibility equally with the appraiser in determining property acceptability for FHA Insured financing. This FREE Webinar will provide an overview of the responsibilities of the lender and guidance on how to underwrite Fannie Mae appraisal forms. Changes to program requirements regarding FHA required repairs and inspections will be reviewed along with the Appraisal protocol found in HUD Handbook 4150.2, Appendix D. New construction, manufactured homes, the MC1004 form, and guidelines on the adoption of the Uniform Data Set will also be covered. This course will provide you with either beneficial instruction or review of appraisal underwriting. This webinar is designed specifically for Underwriters and is not a technical appraiser training. Registration is required, no fee. This webinar will be archived. If you have questions or are having trouble viewing the webinar, please email denverhoc-pudtraining@hud.gov Register at:

http://ping.fm/AzviO

Why You Should Choose The FHA Condos Approval Company To Get Your Condominium Complex HUD/FHA Certified!

April 24, 2012

http://fhacondosapproval.com/WhyYouShouldDoBusinessWithUs.php

We have been getting condominiums approved through the HUD/FHA process since 2009 and we know how to get your condos certified and what the HUD personnel are looking for.

HUD’s inspectors want to see your information presented in a certain format. We submit your information in the way that the HUD personal wants to see it. When we accept you as a client your condominium community will receive HUD/FHA certification.

We have a “No Upfront Money” policy. This means that you pay nothing until your condominiums are 100% HUD/FHA certified. All other approval companies, which I know about, require you to pay for their approval attempt up front. When these companies don’t get your condos HUD/FHA approved the still get your money.

We charge NOTHING until you are completely HUD/FHA approved. You don’t pay any filing fees, FAX fees, FedEx overnight shipping fees or any other fees until your complex is certified. In fact we don’t even send you an invoice until you have your HUD/FHA approval in hand.

Upon your request to get your condos FHA approved we will do a thorough review of the information you supply regarding your condo complex before we take you on as a client. We do this to insure that when we agree to represent you we know that your condominiums meet HUD’s basic requirements for approval.

If this review uncovers areas that need to be updated or changed we will let you know what HUD requires so your complex can become HUD/FHA compliant.

We post our fees prominently on our website instead of making you call to find out how much you will be ask to pay before the other guys have even submitted your paperwork.

We feel that the money that we charge is well worth the work we do and, as you don’t pay anything until your condominium community is approved, it is 100% guaranteed.

There a 3 areas that lead to a lot of HUD rejected applications because they are not submitted in the right format. These are:

1 – A Cover Letter With All Requested Fields Entered.

2 – A Copy of the Recorded Plat Map Indicating the Legal description of your complex. If you just send The Plat Map HUD Will Turn It Down.

3 – A Copy Of The FEMA Flood Map (This Must Be An Official FEMA Flood Map) And It Must Identify The Location Of Your Condominium Complex On This Map. If You Just Send In A Flood Map With An X On It To Mark Your Complex HUD Will Turn It Down.

The FHA Condos Approval Company will produce these 3 document packages. We will also take care of the acquisition costs and the proper formatting to insure HUD/FHA acceptance. There are no added costs to our clients for any of this.

We offer great customer service at very reasonable prices. You are assigned 1 rep that takes you through the approval process from start to finish. When you have a question or a problem you know who to call.

All our personal are based in Washington State so you have no overseas hassles or misunderstandings

If you have any questions regarding The FHA Condos Approval Company Please Feel free to Call us at (360) 562 0406

We Launched A New Website Over The Weekend!

April 23, 2012

http://fhacondosapproval.com

Check out the new site and let us know what you think. We have not changed anything but the look of our site and the hosting company. We still offer a no fees are due until your complex is 100% HUD/FHA approved policy. Come by and take a look.

http://fhacondosapproval.com

HUD APPROVED NONPROFIT PARTICIPATION IN FHA LOAN FINANCING

April 19, 2012

http://www.fhacondosapproval.com

I JUST GOT THIS IN AN EMAIL FROM HUD –

FHA offers approved nonprofit agencies the opportunity to act as a Mortgagor utilizing FHA mortgage insurance. Nonprofit agencies participating in the HUD nonprofit program are approved by their local Homeownership Center (HOC) to participate in FHA Nonprofit activities, and only HUD approved Nonprofit Organizations are eligible to participate as a FHA mortgagor. FHA encourages lenders to make loans to HUD-approved Nonprofit Organizations, by insuring lenders against loss in the event that borrowers default on their loans.

HUD/FHA allows nonprofit agencies to finance FHA-insured mortgages (203B and 203K) with the same terms and conditions as an owner-occupant. These owner-occupants terms include a low down payment requirement of 3.5% and can assist the nonprofit agency in leveraging their organization’s funds. Properties purchased utilizing FHA mortgage insurance must be resold to low-to-moderate income families.

For additional information regarding nonprofit agencies Acting as Mortgagors, please review Mortgagee Letter 96-52 and HUD Handbook 4155.1, REV-4, CHG 1, Mortgage Credit Analysis for Mortgage Insurance on One to Four Family Properties at: http://www.hudclips.org/

For lenders seeking to learn more about FHA’s Single Family Program for Nonprofits and for a roster of nonprofits approved to act as mortgagors, please click on http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/np/np_home

HUD APPROVED NONPROFIT PARTICIPATION IN FHA LOAN FINANCING

April 19, 2012

http://www.fhacondosapproval.com

I JUST GOT THIS IN AN EMAIL FROM HUD –

FHA offers approved nonprofit agencies the opportunity to act as a Mortgagor utilizing FHA mortgage insurance. Nonprofit agencies participating in the HUD nonprofit program are approved by their local Homeownership Center (HOC) to participate in FHA Nonprofit activities, and only HUD approved Nonprofit Organizations are eligible to participate as a FHA mortgagor. FHA encourages lenders to make loans to HUD-approved Nonprofit Organizations, by insuring lenders against loss in the event that borrowers default on their loans.

HUD/FHA allows nonprofit agencies to finance FHA-insured mortgages (203B and 203K) with the same terms and conditions as an owner-occupant. These owner-occupants terms include a low down payment requirement of 3.5% and can assist the nonprofit agency in leveraging their organization’s funds. Properties purchased utilizing FHA mortgage insurance must be resold to low-to-moderate income families.

For additional information regarding nonprofit agencies Acting as Mortgagors, please review Mortgagee Letter 96-52 and HUD Handbook 4155.1, REV-4, CHG 1, Mortgage Credit Analysis for Mortgage Insurance on One to Four Family Properties at: http://www.hudclips.org/

For lenders seeking to learn more about FHA’s Single Family Program for Nonprofits and for a roster of nonprofits approved to act as mortgagors, please click on http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/np/np_home