The change affects new loans endorsed on or after March 20. The last MIP cut occurred in early 2015, when FHA trimmed premiums by 50 bps for 30-year fixed-rate mortgages.

Mortgage servicers and housing officials should be prepared for an uptick in delinquencies following the toxic train derailment in East Palestine, OH.

FHA will expand its loss-mitigation options to borrowers at risk of default even if COVID-19 wasn’t the cause of their economic challenges.

The Office of Inspector General found that the bandwidth on HUD’s virtual private network couldn’t accommodate all the employees who needed remote access during the pandemic.

Ginnie announces new LMI ESG disclosures; HUD seeks comments on proposal to expand housing counseling tailored to tribal communities; HUD issues RFI on learning agenda supplement; Housing and Insurance subcommittee chair named; House committee disallows changes to veterans’ ability to testify virtually; USDA updates handbook.

FHFA expands the radon mitigation responsibilities of Fannie and Freddie, but doesn’t go as far as HUD.

Of the $1.7 trillion included in the spending bill, $58.2 billion would go to the Department of Housing and Urban Development.

Responding to a federal Interagency Community Investment Committee request for information, mortgage lender trade groups and housing advocates asked for more funding for community development financial institutions that provide home loans in underserved communities.

Institutional investors are increasingly scooping up affordable single-family homes, creating an unlevel playing field for low-income first-time homebuyers, affordable housing advocates said at a recent HUD event.

The timing of an FHA mortgage insurance premium cut could rest on how soon Congress passes a fiscal 2023 federal budget.