The Trump administration’s 2026 discretionary budget would eliminate the U.S. Department of Agriculture’s single-family home direct loan program, a small program that saw record interest in 2024.
Ginnie Mae is modifying its master subservicer system; VA Loan Guaranty Service launches toolkit for real estate professionals; FHA places 90-day foreclosure moratorium on Virginia homes affected by flooding and winter storms.
The recent tightening of FHA loss-mitigation options will likely lead to more early loan buyouts, which PennyMac CEO David Spector sees, at the very least, as a net neutral development for the business.
A week before the Department of Veterans Affairs closed the door on its Servicing Purchase program, it issued some guidance for uncertain servicers, but holes remained.
FHA has rescinded a pair of policies enacted in 2022 that were meant to give owner-occupants an upper hand in foreclosure sales over institutional investors.
The steep property insurance and tax bills driving the rise in FHA late rates are not likely to come down anytime soon, meaning delinquencies will likely stay up too.
The Mortgage Bankers Association urged the Department of Housing and Urban Development to scrap regulatory requirements for multifamily housing under the National Environmental Policy Act, along with other environmental and zoning restrictions.
FHA upgrades FHA Connection system to guard against cyberattacks; HUD to revise legal instructions for lenders to obtain full insurance benefits; White House proposes eliminating single-family housing direct loans under the USDA’s Rural Development program.
FHA announced sweeping loss-mitigation changes this week, including limiting borrowers to take one loss-mitigation option every two years, rather than a planned 18-month restriction.
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