Industry participants are asking Congress to fully fund the salary and expense requests for both FHA and Ginnie Mae during the fiscal 2024 budget appropriations reconciliation.

Industry and consumer groups want the VA’s upcoming Veterans Assistance Servicing Purchase loss-mitigation program to target borrower payment reduction, not a single interest rate target.

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

Stakeholders claim the plan to expand the suspended counterparty program is too broad and FHFA has failed to justify the expansion.

Industry watchers have called on VA to release a draft policy document describing the details of its proposed veterans assistance servicing purchase program by Sept. 21.

The mortgage industry generally supports the limited scope of the rule. But consumer advocates believe FIRREA calls for a broader scope, including AVMs used by licensed appraisers.

Responses to FHFA’s RFI on GSE pricing almost unanimously condemn the capital requirements put in place by former Director Mark Calabria.

The Mortgage Bankers Association and the Housing Policy Council have asked the VA to allow for a comment period before it finalizes a new veterans assistance servicing purchase program.

The proposed program could be improved by simplifying communications with borrowers and making changes that expand the number of borrowers who can be helped, industry and consumer groups said.

A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.