Mortgage industry trade groups continue to pressure the Biden administration to intervene in the MBS market to help struggling homebuyers overcome high interest rates and low supply.

The MBA and other trade groups are urging Senate and House leadership to make sure funding and authorization for the National Flood Insurance Program doesn’t lapse on Nov. 17.

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.

Industry trade groups have sent letters to the Federal Reserve chair, asking for an end to its quantitative tightening and rate hikes in an effort to reduce mortgage rates and stimulate home sales.

Extending rep-and-warrant relief to loans that successfully exit COVID-19 forbearance could further reduce the already small volume of buyback requests.

Industry trade associations and consumer groups have expressed support for proposed rules on how servicers must engage with delinquent FHA borrowers.

Panelists at a Community Home Lenders of America roundtable discussed the challenges in targeting low- to moderate-income borrowers, including first-time and minority homebuyers.

Housing finance officials don’t have the tools to quantify climate risk or prepare for it, according to FHA Chief of Staff Nathan Schultz.

Lenders are using numerous tactics to originate mortgages for first-time buyers. There are also calls for FHA to drop its downpayment requirements.

Former Ginnie Mae President Ted Tozer wants FHA to consider adjusting or eliminating its minimum downpayment requirement to put homeownership in the reach of more consumers.