Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.

The draft standards differ based on whether borrowers can resume their original mortgage payments or need payment relief. Comments on the proposal are due Dec. 23.

The new requirements go into effect Jan. 1. However, FHA has provided servicers alternative interim procedures through June 30.

The term sheet for Ginnie’s home equity conversion mortgage MBS 2.0 program is largely unchanged from the draft proposed earlier this year.

The pilot seeks to demonstrate how HUD could reduce the costs associated with delivering and retaining original partial claim documents.

FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.

HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.

Lenders could increase originations of mortgages from first-time homebuyers if they did more to educate their loan officers on downpayment assistance programs.

Housing experts ponder how the Trump administration will impact lenders and the housing market.

Freedom owner and CEO Stanley Middleman said the approach for FHA and VA under Trump should be “If it’s not broken, why fix it?”