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Despite Strong MMIF, FHA Holds Off Lowering Premiums

November 19, 2021
Monica Hogan
While lenders contend lower FHA insurance premiums will help attract more borrowers, FHA wants to protect the resiliency of its program. (Includes data chart.)
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Private MI Industry Pleased With FHA’s Stance on Premiums

November 19, 2021
Monica Hogan
Private mortgage insurers, who compete with the FHA to a certain extent, applauded the agency’s “disciplined approach” to premium pricing and policies.
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FHA Outlines Plans to Expand Homeownership

November 19, 2021
Monica Hogan
FHA plans to take a multiprong approach to expanding homeownership among underserved communities as a way to address the racial wealth gap.
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FHA Updates Appraisers on Fair Housing Policy

November 19, 2021
Monica Hogan
In an effort to reinforce its commitment against racial bias in home valuations, FHA updated its general appraiser requirements. An interagency task force discussed the issue this week.
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FHA Consolidates Manufactured Home Lending Policies

November 19, 2021
Monica Hogan
FHA has released the first consolidation of polices to its Single-Family Title I Manufactured Home Loan Program in nearly 40 years.
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Bill Seeks to Extend VA Home Loans to WWII GI Heirs

November 19, 2021
Monica Hogan
Spouses and children of Black World War II veterans who were shut out of the VA home loan program would be eligible under new legislation introduced this month.
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VA Lenders Fete Borrowers and Employees Who Served

November 19, 2021
Monica Hogan
Veterans United Home Loans offered to pay off the mortgage of 11 borrowers as part of a Veterans Day promotion.
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Around the Industry

November 19, 2021
Monica Hogan
House passes Build Back Better bill; lenders can send electronic submissions of multifamily mortgage applications in the FHA Catalyst; HUD will sell multiple pools of vacant properties from FHA’s reverse mortgage program; FHA announces job openings; the USDA appoints new administrator to the RHS.
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Banks Look Ready to Pick up the Slack as Fed Pulls Away

November 19, 2021
John Bancroft
The top three banks in MBS holdings: Bank of America, Wells Fargo and Charles Schwab...
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More Challenges for Better’s SPAC/Public Debut

November 19, 2021
Paul Muolo
It's not exactly the best time for Better to make its public debut, but it's going to try anyway...
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