A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.
FHA’s claims without conveyance of title program already saves FHA, servicers and borrowers time and money, and the program could be made more effective, according to analysts at the Urban Institute.
Andrew Hughes confirmed as HUD deputy secretary; HUD to end affirmative fair housing marketing requirements for FHA multifamily program applicants; HUD updates civil monetary penalty amounts to match inflation.
Officials at FHA and Ginnie Mae aren’t currently worried about steadily rising delinquency rates on government-backed loans, but they’re watching closely as FHA tightens its loss-mitigation protocols.
There’s been ongoing work at FHA to modernize its information technology systems, but now some of the upgrades will need to fill the shoes of laid-off workers.
The denial rate for VA home loan refinances fell sharply between 2023 and 2024, at the same time VA refi applications doubled, according to a new analysis by Inside FHA/VA Lending. (Includes data table.)
A bill that would give the Department of Veterans Affairs authority to establish a partial claims program awaits review by the Senate Committee on Veterans’ Affairs, after moving quickly through the House.