Officials are examining multiple factors, including current housing and economic conditions, as well as trade-offs within the Congressional appropriations process, when considering a reduction to FHA mortgage insurance premiums.

Purchase-mortgage business with primary mortgage insurance held up well in the second quarter while refi activity dropped, according to an analysis of agency MBS issuance. (Includes two data charts.)

FHA has extended appraisal validity periods, in some cases up to a year, to align more closely with standards at the GSEs and VA.

The new guidance applies to salaried and hourly wage earners as well as self-employed individuals.

Ginnie Mae issuance of single-family mortgage-backed securities declined 12.2% in the second quarter of 2022, as rising interest rates dragged the refinance market to new lows. (Includes four data charts.)

The Department of Housing and Urban Development’s latest regulatory agenda has more than a dozen items related to either FHA or tribal home loan programs, including some pending rulemakings.

FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.

American Financial Network has agreed to pay roughly $1 million to settle allegations it fraudulently originated FHA loans.

FHA commissioner starts blog; HUD CFO sworn in; FHA plans competitive sale of vacant-home loans; FHA updates single-family policy handbook; HUD plans counseling conference; Ginnie posts roundtable video; HUD extends nomination deadline for tribal advisory committee; Congressional subcommittee considers 2023 appropriations; VA clarifies underwriting for hemp-related income.

Federal regulators have several mortgage-related regulatory revisions in the works, including standards for qualified mortgages and membership at the Federal Home Loan Banks.