Milliorn Blog

This is the HUD national homeownership center reference guide mailing list for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUD's National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings.

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March 26, 2009 - Telebriefing "Appraising in a Distressed Market". Sponsored by The Appraisal Foundation and American Bankers Association. The Appraisal Foundation and the American Bankers Association have partnered for a national telephone briefing on property appraisals in distressed markets. The two-hour telebriefing will be held on March 26, 2009 from 2:00 p.m. to 4:00 p.m. EDT. The briefing will present relevant information and provide guidance and valuable insights to appraisers, bankers and other users of appraisal services.

Points to be covered during the course of the telephone briefing will include:

Appraising in markets where most or all of the comparables are distressed sales;

Tips for lenders to ensure accurate appraisal orders, and to define adequate scope of work for engaging appraisal services in distressed markets;

Understanding the "decision tree" used by regulators to determine whether a loan should be adjusted downward;

Types and definitions of value used in appraisal assignments;

Effective communication between banks and appraisers on the methodology being used in appraisal assignments.

For more information or to register, Please visit: http://www.aba.com/teleweb/tb032609

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April 8, 2009 - Garden Grove, CA. FHA HECM Lender Training. This FREE session will provide you with in-depth training of the FHA HECM loan; the only reverse loan product that is insured by the federal government. You will learn the entire loan process from origination to closing. Presented by HUD-FHA. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/sca040809.pdf

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March 24, 2009 - Santa Ana, CA, FHA: The Best and Fastest finance option for your clients today. Learn about the Housing and Economic Recovery Act of 2008 (HERA), FHA modernization legislative updates, Appraisal protocol, Gifts and eligible downpayment assistance programs, All Inclusive Home Repair Mortgage for Purchases and Refinances, No Credit Score Required, Flexible underwriting guidelines (credit and debt ratios), Manufactured Homes, Superior Foreclosure Prevention Assistance. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/sca032409.pdf

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NeighborWorks® Place based training for Housing Counselors comes to FL, CA, CO, PA, & IL:

Dates & Locations:

June 8-12, 2009 Orlando, FL

June 22-26, 2009 Oakland, CA

July 20-24, 2009 Denver, CO

August 3-7, 2009 Philadelphia, PA

August 17-21, 2009 Chicago, IL (National Training Institute event)

Comprehensive training and certification for HUD-Approved agencies is available through NeighborWorks® America and the NeighborWorks® Center for Homeownership Education and Counseling (NCHEC) and the U.S. Department of Housing and Urban Development (HUD). Formats include live, interactive classroom training and on-line learning. Courses will include Home Equity Conversion Mortgages (HECM), FHA-Insured Loans, Foreclosure Counseling, Homeownership Counseling, Client & Data Management Software, Credit Counseling and much more! To find out more and register please email: nchec.hudtraining@nw.org or visit: http://www.nw.org/network/training/specialized2/place.asp