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FHA Proposes Early T&I Reimbursement for Loans in Default

December 20, 2024
Monica Hogan
The proposal is meant to address liquidity challenges servicers face from tax and insurance advances in an elevated interest rate environment.
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FHA Makes Single-Family Loan Sale Program Permanent

December 20, 2024
Monica Hogan
The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.
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MBA Proposes Ginnie EBO Securitization Program

December 20, 2024
Monica Hogan
The Mortgage Bankers Association called on Ginnie Mae to create a new securitization program for early-buyout loans.
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MBA Urges Balance on FHA Rental Income Proposal

December 20, 2024
Monica Hogan
The trade group wants clarification on FHA’s plan to allow rental income from boarders in a primary residence to inform underwriting.
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Around the Industry

December 20, 2024
Monica Hogan
Industry braces for shutdown; CHLA wants FHA, Ginnie budgets increased.
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Mortgage Industry Supports Trump’s Pick to Lead HUD

December 6, 2024
Monica Hogan
Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.
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House Passes Bill That Would Extend VA Loan Fee Increases

December 6, 2024
Monica Hogan
The Community Home Lenders of America warned that Congress shouldn’t use federal housing programs to pay for legislation.
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Ginnie Issuers Get Final Term Sheet for HMBS 2.0

December 6, 2024
Monica Hogan
The term sheet for Ginnie’s home equity conversion mortgage MBS 2.0 program is largely unchanged from the draft proposed earlier this year.
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FHA Plans to Test e-Delivery of Partial Claim Documents

December 6, 2024
Monica Hogan
The pilot seeks to demonstrate how HUD could reduce the costs associated with delivering and retaining original partial claim documents.
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Gordon Calls for ‘Marshall Plan’ to Rehab Distressed Homes

December 6, 2024
Monica Hogan
FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.
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