Chair of the House Committee on Financial Services pledges support for housing-related funding; FHA plans webinar on manufactured housing; Ginnie Mae to hold training sessions for issuers; VA to award grants providing legal services to veterans at risk of homelessness; MISMO seeks comments on life-of-loan process model; USDA updates income limits for home loan program.
FHA is planning significant reductions to both the upfront and annual mortgage insurance premiums for most Section 232 program mortgages of green residential care facilities.
Gordon sworn in as FHA commissioner; Ginnie to expand digital collateral program; FHA to present overview of its single-family purchase program; Ginnie hosts training sessions for single-family issuer pooling processes and systems; Ginnie clarifies requirements for MBS related to delinquent loan buyout eligibility; USDA to hold online training sessions for its single-family program; USDA raises interest rates for its single-family direct loan programs.
According to the former FHFA chief, given the state of the mortgage and equity markets, Fannie Mae won’t survive another round of home price depreciation.
FHA premium cuts are being closely analyzed by HUD while FHFA and Treasury have had no talks about reforming the GSEs through the PSPAs. MBA also pressed FHFA on LLPA changes for conforming jumbos and mortgages for second homes.