Freddie takes steps to ensure its older multifamily housing stock is in adequate repair. This is particularly crucial for properties in affordable housing programs.
HUD to host hearing on appraisal bias; bipartisan Senate bill to inform veterans of home loan benefits introduced; USDA updates handbook; Ginnie Mae allows commingling in Platinum pool types; HUD expands funding for loans and grants in its Green and Resilient Retrofit Program; VA reduces premiums for Veterans’ Mortgage Life Insurance program.
The mortgage industry and housing policymakers have more work to do in developing home loan products targeted to helping close the racial homeownership gap, speakers at an Urban Institute conference said.
Warehouse lender Texas Capital Bank claims it lost money after Ginnie Mae extinguished its interest in liens associated with the now-defunct Reverse Mortgage Funding.
The Department of Housing and Urban Development can and should do more to help increase the availability of personal property and mortgage loans for manufactured housing, a recent report from the Government Accountability Office said.
State housing finance agencies want to be exempted from proposed FHA audit requirements for investing mortgagees, the National Council of State Housing Agencies said in a comment letter.
The updated guidance, which will go into effect Jan. 1, notes that housing counseling must be provided by a qualified, independent third party and not by anyone compensated by a mortgage originator or servicer.
FHA Catalyst claims module now enables bulk submissions of supplemental claims; USDA’s Rural Housing Service to release proposed rule updating eligibility requirements for non-citizens; Senate Banking Committee to hold hearing on flood insurance; HUD to hold meeting of its Housing Counseling Federal Advisory Committee.