FHA and HUD Office of Housing

Federal Housing Administration and Office of Housing, U.S. Department of Housing and Urban Development

[FHA and HUD Office of Housing @FHAgov]

FHA delivered speed, certainty, and execution.

In a recent 232 Express Lane transaction with Lument Real Estate Capital, FHA, under the leadership of Federal Housing Commissioner Frank Cassidy, issued a firm commitment in just 7 days from application.

The deal supports a $21.2 million Section 223(f) loan for Pemberly Place in Lincoln, NE, a 132-bed assisted living and memory care facility.

Key Terms:
•5.42% rate
•64.4% LTV
•Currently in closing

This is a strong example of how FHA’s 232 Express Lane is driving efficiency while maintaining disciplined underwriting—backed by private capital doing the lending, with FHA providing the insurance.

[FHA and HUD Office of Housing @FHAgov]

New Enhancements for Section 232: More Eligible Deals in Texas and Indiana

Under the leadership of Federal Housing Commissioner Frank Cassidy, FHA’s Section 232 program recently reviewed the structure and current longevity of supplemental payment programs in Texas and Indiana. Based on this review, FHA may consider providing additional credit for these supplemental income sources in loan sizing, subject to the following parameters:

-The capitalization rate applied to QIPP/IGT revenue may not be less than 25 percent.

-The value derived from QIPP/IGT income may not exceed 30 percent.

With these enhancements, FHA will strengthen its ability to insure mortgages for skilled nursing and other facilities under the Section 232 program, with a continued emphasis on disciplined underwriting, sound credit standards, and long-term loan performance.

[FHA and HUD Office of Housing @FHAgov]

Commissioner Frank Cassidy recently visited Columbus, OH with Senator @berniemoreno to talk about housing affordability and supply and HUD & FHA’s role in supporting production. We held a roundtable at @MORPC, visited @ConnectRE_’s factory, and toured impactful Columbus developments at Post Oak Station and @NatlChurchRes’s Cherry Blossom.

We are proud to support @SecretaryTurner’s agenda to cut red tape and streamline policies at @HUDgov.

[FHA and HUD Office of Housing @FHAgov]

Federal Housing Commissioner and Assistant Secretary Frank Cassidy recently enjoyed touring National Church Residences properties in Columbus, OH with Senator @berniemoreno. Read more about their visit: https://t.co/4tdr3JVEzG

[FHA and HUD Office of Housing @FHAgov]

Last week, Federal Housing Commissioner Frank Cassidy hosted the FHA Single Family Lender Executive Summit to discuss expanding access to American homeownership with top executives from mortgage lending and servicing institutions.

[FHA and HUD Office of Housing @FHAgov]

We hit a NEW MILESTONE under the leadership of FHA Commissioner Frank Cassidy with our FHA Section 232/223(f) Express Lane process. In one of our most recent deals with X Caliber Capital, we achieved a RECORD-BREAKING 71 DAYS from application to closing. https://t.co/U4A2eGhgMx

[FHA and HUD Office of Housing @FHAgov]

As of September 30, 2025, the MMI Fund overall Capital Ratio stood at 11.47 percent of insurance-in-force. The MMI Fund Capital Ratio remains more than five times higher than the Congressionally mandated minimum of 2.0 percent. https://t.co/5CizepN7T9

[FHA and HUD Office of Housing @FHAgov]

In Fiscal Year 2025, FHA remained a vital tool for advancing the Trump Administration’s priorities to improve affordability, increase housing supply, and support homeownership opportunities for American homebuyers. https://t.co/wyCOMvqUes

[FHA and HUD Office of Housing @FHAgov]

FHA endorsed more than 876,000 mortgages through its forward mortgage program in fiscal year 2025. More than 83 percent of forward purchase mortgages endorsements – more than 538,000 mortgages – served first-time homebuyers. https://t.co/5CizepN7T9

[FHA and HUD Office of Housing @FHAgov]

FHA is pleased to announce the confirmation of Frank Cassidy as HUD’s new Assistant Secretary for Housing and FHA Commissioner. Frank will be instrumental in assisting @SecretaryTurner deliver the American Dream of homeownership to millions of Americans. https://t.co/Gusa7UBoP3

[FHA and HUD Office of Housing @FHAgov]

Today we appointed seven new and returning members to serve on the Manufactured Housing Consensus Committee, a Federal Advisory Committee supporting HUD on manufactured housing construction and safety standards: https://t.co/SiqtV9FfzT

[FHA and HUD Office of Housing @FHAgov]

Today we published our updated set of permanent options for mortgage servicers to help borrowers with FHA-insured single-family mortgages keep their homes or otherwise avoid foreclosure when they fall behind on their mortgage payments. https://t.co/s5VjNZLgpp

[FHA and HUD Office of Housing @FHAgov]

HUD awarded nearly $137 million in grants to increase affordable housing and supportive services for seniors and people with disabilities. The funds help create and repair rental homes, provide rental assistance, and connect tenants with vital resources. https://t.co/6XoEjYuatA

[FHA and HUD Office of Housing @FHAgov]

FHA’s newly revised Single Family underwriting guidance will allow rental income from individuals renting space inside a borrower’s home to be included as part of FHA qualification when the borrower has 12 months of history of receiving this income: https://t.co/jSpYNmJqSI

[FHA and HUD Office of Housing @FHAgov]

HUD recently closed a $60.2M Rental Assistance Demonstration Transaction to preserve affordable housing in Atlanta, GA. The transaction will help develop, preserve, and rehabilitate 282 existing rental homes for low-income individuals and families. https://t.co/I2q46m3qLM

[FHA and HUD Office of Housing @FHAgov]

Changes to the FHA Multifamily program decrease the required debt service coverage ratios (DSCRs) and increase the maximum allowable loan-to-value/loan-to-cost (LTV/LTC) ratios for mortgages on properties that offer rent-assisted affordable rental homes: https://t.co/n6M9SWzFxX

[FHA and HUD Office of Housing @FHAgov]

FHA Multifamily policy announced today creates a new category of mortgages FHA will insure on properties where at least 50 percent of the rental homes are targeted to individuals and families with incomes at or below 120 percent of the Area Median Income: https://t.co/5ggJzSS7BR

[FHA and HUD Office of Housing @FHAgov]

We’ve completed our Single Family Defect Taxonomy used for Title II mortgage program servicing loan reviews. The Servicing Defect Taxonomy provides greater transparency regarding FHA’s servicing loan review process: https://t.co/iJ0CUl1Urv

[FHA and HUD Office of Housing @FHAgov]

Today we’ve posted for feedback our proposed Optional Reimbursement of Claim Alternative. This draft policy is intended to support lender liquidity by allowing servicers to receive reimbursement of tax and insurance advances earlier in the process: https://t.co/3cZkvwrvzc

[FHA and HUD Office of Housing @FHAgov]

FHA portfolio reports covering October 2024 activity are available now. In October, FHA insured more than 73,000 single family home mortgages, 35 multifamily mortgages, and 16 healthcare facility mortgages. Access the reports: https://t.co/6uyU22ALQm