The Community Home Lenders of America worries changes in home sale commission practices could make it more difficult for veterans to purchase homes using their VA home loan benefits.

The Mortgage Bankers Association this month asked FHA to consider using its single-family drafting table to seek comments from the industry before it finalizes guidance on its new payment supplement loss mitigation program.

Most lawmakers and industry stakeholders drew attention to the need for more housing supply.

Marcia Fudge, secretary of the Department of Housing and Urban Development, this week announced her retirement, effective March 22. HUD Deputy Secretary Adrianne Todman will step in as acting secretary.

President Biden last weekend signed a six-bill fiscal 2024 appropriations package that includes funding for the departments of Housing and Urban Development, Veterans Affairs and Agriculture.

VA lenders can now apply an assumption locality variance on loan assumptions. The MBA called for an even higher fee.

The CFPB is looking into closing costs associated with mortgage originations. The move is facing pushback from the MBA.

At the first NMLS ombudsman meeting of the year, the MBA raised concerns regarding state regulation of nonbank mortgage companies.

Mortgage industry stakeholders said Freddie Mac’s pilot program to alleviate repurchase requests is a better option than Fannie Mae’s new notice of potential defect.

The Mortgage Bankers Association has opposed the extension of the risk-sharing program, which provides capital to housing finance agencies that offer FHA loans for affordable multifamily rental properties.