Ginnie supports FHA multifamily risk-share initiative; rulemaking on private flood insurance for FHA borrowers moving forward; webinar on student loan debts and mortgage underwriting; the Community Home Lenders Association and the Community Mortgage Lenders of America merge; FHA updates multifamily guidance; VA extends recission for COVID-19 partial claim payment program; and more.

Ginnie Mae said it supports HUD’s efforts seeking legislation that would provide a permanent source of capital for housing finance agencies fostering affordable multifamily housing.

The Senate last week approved $70 billion in budgetary resources for the Department of Housing and Urban Development as part of its fiscal 2023 appropriations package.

HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.

Ginnie Mae wants to know how the agency and FHA can enhance their respective manufactured housing programs.

Results were mixed in a Department of Housing and Urban Development study on the impact of pre-purchase counseling for first-time homebuyers.

The Department of Housing and Urban Development is bolstering efforts to expand and support secondary market access for community development financial institutions through Ginnie Mae.

Under the initiative, the Department of Housing and Urban Development will also increase trainings for CDFIs to become FHA-approved lenders.

Though two prominent nonbank lenders shuttered recently as the refi business slows, there are currently few concerns about the potential for widespread failures of nonbanks.

Fee-for-service partnerships between mortgage lenders and housing counseling agencies could bring scale to the pre-purchase counseling services HCAs offer, according to industry experts.