HUD Secretary Scott Turner said the agency is evaluating every program under its umbrella, and reiterated his focus on extending the opportunity zone investment program.
FHA opened its new integration testing platform for originators and origination system vendors, with the goal of improving the efficiency of FHA loan origination and data collection.
Antiquated IT systems constrain the HUD Office of Housing Counseling’s ability to collect data and assess the outcomes of its programs. Funding for an upgrade has yet to be allocated.
Ginnie Mae gets a new leader; HUD officially starts search for new headquarters; foreclosure moratorium extended for hurricane-impacted area; USDA makes handbook changes.
The elimination of eligibility of non-permanent U.S. residents for FHA loans could leave FHA lenders liable for mistakes made when certifying a borrower’s residency status.
Previously-fired probationary employees at HUD are stuck in an administrative leave purgatory awaiting a court decision, while rumors continue to circulate of field-office closures.
FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.
Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.