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Turner Assesses HUD Programs, Reaffirms OZ Focus

April 18, 2025
Emmeline Willey
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.
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FHA Rolls Out Case Binder Testing Software

April 18, 2025
Emmeline Willey
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.
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HUD Counseling Limited by ‘Outdated IT’

April 18, 2025
Emmeline Willey
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.
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Around the Industry

April 18, 2025
Emmeline Willey
Ginnie Mae gets a new leader; HUD officially starts search for new headquarters; foreclosure moratorium extended for hurricane-impacted area; USDA makes handbook changes.
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VA to End VASP, Prompting Uncertainty for Servicers

April 4, 2025
Emmeline Willey
The program, developed by the Biden administration, purchases delinquent VA loans from servicers to help veterans avoid foreclosure.
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HUD Limits FHA Eligibility Based on Borrower Residency

April 4, 2025
Emmeline Willey
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.
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Uncertainty Persists for HUD Programs and Employees

April 4, 2025
Emmeline Willey
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.
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MBA Calls to Cap Forbearance Frequency

April 4, 2025
Emmeline Willey
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.
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HUD Leaves Holes in Website Revamp

April 4, 2025
Emmeline Willey
The website streamlining effort included a roughly 90% reduction in content, leaving broken links in its wake.
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Around the Industry

April 4, 2025
Emmeline Willey
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.
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