Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.

The Neighborhood Homes Investment Act would offer tax incentives to support the creation or rehabilitation of 500,000 starter homes.

The proposed payment supplement partial claim will be particularly useful for distressed borrowers whose mortgages have below-market interest rates.

Borrowers could use interest-free partial claim funds to repay shortfalls on an FHA mortgage to bring it current and then receive a reduced monthly payment for three to five years.

The GSEs say the spike in repurchase requests simply reflects the historic volume in 2020 and 2021. Lenders argue there should be something short of a repurchase request for performing loans with minor defects.

Condos can be an important source of affordable homeownership, according to the Department of Housing and Urban Development.

The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans.

The Community Home Lenders of America asked leaders of the congressional appropriations committees to fully fund FHA’s and Ginnie Mae’s fiscal 2024 budget requests for salaries and administrative expenses.

The government could default on its debt obligations as early as June 1, the Treasury Department warned. The development could have major ramifications for mortgage lenders and the broader economy.

The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.