While lenders contend lower FHA insurance premiums will help attract more borrowers, FHA wants to protect the resiliency of its program. (Includes data chart.)
Private mortgage insurers, who compete with the FHA to a certain extent, applauded the agency’s “disciplined approach” to premium pricing and policies.
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.
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.
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.