The trade group urged the Department of Housing and Urban Development to roll back the minimum debt service coverage ratio and raise the maximum loan-to-cost ratios for FHA’s multifamily loan program.
Ginnie Mae issuers produced $38.15 billion into mortgage-backed securities in July, an 8.3% increase from the previous month. (Includes two data tables.)
Vice President Kamala Harris outlines economic agenda for her presidential campaign; ex-FHA official joins M&T Bank; VA outlines secondary borrowing requirements when using assumable mortgages; FHA drafts guidance on loss-mitigation consultation requirements.
With the presidential election around the corner, FHA Commissioner Julia Gordon said her goal is to ensure she leaves FHA stronger than she found it. A Republican-appointed FHA commissioner also voiced support for the agency at a recent event to celebrate FHA’s 90th anniversary.
The final rule has its roots in a pandemic-era temporary partial waiver of the face-to-face meeting requirement. That waiver will remain in place through the end of the year.
The National Association of Home Builders has asked its members to support a bill that would stop FHA and the U.S. Department of Agriculture’s Rural Housing Service from adopting the 2021 International Energy Efficiency Code.
VA releases WebLGY system enhancement for veteran-paid buyer-broker charges; HUD updates debenture interest rates for FHA loans; FHA extends foreclosure moratorium in Maui, HI; Finance of America conducts 1-for-10 reverse stock split; MBA asks HUD for six-month extension for implementing new reconsideration of value policies.