The Mortgage Bankers Association wants FHA to clarify language around the separation of credit and collateral delegated endorsement designations.

FHA said the requirement unnecessarily prevented or delayed borrowers from obtaining mortgages.

MISMO seeks participants for VA-document-related working group; Senate banking subcommittee to hold housing supply hearing; HUD to host housing counseling conference; OMB to hold tribal consultation on 2025 budget; HUD to co-sponsor special purpose credit program roundtable; UWM expands soft credit check program.

FHA lending growth outpaced VA in the second quarter.

Government-backed originations increased in the second quarter thanks to a seasonal boost in purchase mortgages. FHA production outpaced VA lending, and the top lenders largely increased originations. (Includes three data charts.)

Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires.

The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board.

The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases.

HUD extends public benefits program comment period by 30 days; FHA seeks director of single-family program development; CFPB fines a top VA lender.

The Department of Housing and Urban Development, Fannie Mae and Freddie Mac reminded lenders and servicers of the options available to homeowners impacted by the deadly wildfires in Maui.