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One Unwavering Commitment.
When Stewart Title opened in El Paso in 1914, the city was a bustling railroad town on the edge of a new century. Since then, we ' ve seen wars, booms, challenges, and extraordinary growth. We ' ve helped generations of El Pasoans buy homes, build businesses, and invest in their dreams. While our city has evolved in countless ways, our dedication to serving this community with integrity, expertise, and personal attention has never changed.
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MAIN BRANCH 4691 N. Mesa Street( 915) 225-8200
WESTSIDE 5500 Desert Blvd North, Suite A 2( 915) 225-8300
EASTSIDE 1345 N. Zaragoza Rd, Bldg. B( 915) 225-8400
CENTRAL 2505 E. Missouri, Suite 110( 915) 225-8600
FEE ATTORNEY OFFICE 201 E. Main Street, Suite 1501( 915) 543-6700
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The updates remove outdated requirements, cut administrative burdens, and make FHA financing more efficient for home buyers and lenders. The changes affect FHA policies from mortgage origination through servicing and quality control, including:
• Streamlining Appraisal Field Review Requirements, reducing quality control requirements that average $ 425 per field review. The change is expected to save industry partners about $ 3.3 million annually while better aligning FHA with other programs.
• Expanding Flexibility under the Limited 203( k) Rehabilitation Mortgage Insurance Program, by allowing more contractor draw requests and making home rehabilitation projects easier to complete.
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• Modernizing FHA Mortgagee Approval and Quality Control, including a permanent exemption for early payment defaults caused by natural disasters from required quality control review samples. This will help reduce mortgage costs, expand borrower access, and support smaller lenders’ participation in the FHA program.
• Eliminating the Duplicative Requirement for Lenders to Use the Important Notice to Homebuyers Form 92900-B, simplifying the closing process.
• Clarifying Loss Mitigation Requirements Governing Trial Payment Plans, to protect the FHA Mutual Mortgage Insurance Fund, prevent abuse, and ensure proactive borrowers are not penalized.
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