FHA this week announced a new language access web page with key single-family home mortgage documents and educational resources translated into Spanish, Chinese, Korean, Tagalog and Vietnamese.

Mortgage servicers didn’t always sufficiently comply with FHA loss-mitigation requirements for borrowers whose COVID-19-related forbearance had ended, the inspector general for the Department of Housing and Urban Development said this week.

Ginnie extends e-Sign use; HUD OIG to testify before congressional committee; FHA Catalyst claims module will require new user information; USDA updates single-family housing handbook; HUD lifts cap on multifamily loans for low-income housing tax credit pilot.

The Mortgage Bankers Association this week raised concerns with the Department of Housing and Urban Development about its proposed property standards for new construction and substantial renovations of FHA-insured properties located in a floodplain.

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

FHA Commissioner Julia Gordon and Ginnie Mae President Alanna McCargo spoke at the Mortgage Bankers Association’s recent secondary market conference.

HUD for the first time has committed to making its FHA appraisal data publicly available. The disclosures will be available later this year.

Members of the House Financial Services Committee are seeking clarification related to the treatment of delinquent loan buyouts from Ginnie Mae pools in the new Community Reinvestment Act proposal.

The changes would improve FHA’s ability to make prompt payments in instances when a HECM lender defaults on its borrower obligations.

Ginnie Mae announces implementation timeline for new single-family pool delivery; Ginnie signs memo with USDA on social metrics data sharing for ESG disclosures; HUD OIG issues semiannual report.