The revisions would increase the maximum allowable rehabilitation costs for a limited loan, update the rehab period for both standard and limited loans, and allow higher fees for program consultants.

The goal, FHA said in a new report, is to improve the quality and efficiency of its data and allow its program offices to better collaborate.

The rate of foreclosures is too small to play a meaningful role in boosting housing supply, according to panelists at a recent Urban Institute conference.

With a healthy reading on FHA’s Mutual Mortgage Insurance Fund, lender trade groups want further changes to FHA’s mortgage insurance premium policy. (Includes data table.)

Congress extends NFIP through Feb. 2, 2024; FHA proposes updated home equity conversion mortgage assignment claims eligibility policy; FHA extends waiver on face-to-face interviews with distressed borrowers; VA extends foreclosure moratorium for Hawaii wildfires; HUD OIG reports on HUD’s top management challenges.

The Department of Housing and Urban Development plans to make permanent a pandemic-era waiver that allowed housing counselling agencies to use alternative communication methods.

FHA wants to streamline policies allowing mortgage servicers to implement alternatives to foreclosure and update its incentive payments for the successful completion of a loss-mitigation option.

White House backs conversion of commercial properties to residential housing; Community Home Lenders of America supports FHA move streamlining procedures following a loan case cancellation; HUD announces notice of sale of reverse mortgage notes; FHA extends disaster-related foreclosure moratorium in Maui; FHA manufactured housing appraisal requirements.

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.