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GAO Highlights Risks From Expanding Hospital Financing

February 2, 2024
Monica Hogan
FHA insured about $17.1 billion in new loans under its hospital mortgage insurance program between fiscal years 2000 and 2022, the Government Accountability Office said in a new report.
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Nonprofits Applaud RHS Sections 502, 504 Proposals

February 2, 2024
Monica Hogan
Rural housing nonprofits want USDA’s Rural Housing Service to take additional steps to improve its Section 502 direct loan program and Section 504 loan and grant program, such as improving staffing and information technology.
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Around the Industry

February 2, 2024
Monica Hogan
House passes tax bill with LIHTC provisions; FHA finalizes rules on branch office registration requirements; HUD to hold meeting of the Manufactured Housing Consensus Committee; and other news.
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Ginnie Exploring New HECM Securitization Product

January 19, 2024
Monica Hogan
Ginnie Mae is evaluating a new security backed by FHA home equity conversion loans that have reached balances above 98% of their maximum claim amounts.
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Around the Industry

January 19, 2024
Monica Hogan
Former FHA Commissioner David Stevens dies at 66; NAAHL names Sarah Brundage CEO; Ginnie hosts state housing agencies at roundtable; Ginnie files motion to dismiss TCB lawsuit; OCC to host appraisal bias hearing; and other news.
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HECM Endorsements Increase in Third Quarter

January 5, 2024
Namrata Bhatia
Reverse mortgage lenders funded $3.95 billion in new home equity conversion mortgages in the third quarter, a 17.9% increase from the previous period. Year to date, though, HECM endorsements lagged.
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Industry Calls on Congress to Fully Fund FHA, Ginnie

January 5, 2024
Monica Hogan
Industry participants are asking Congress to fully fund the salary and expense requests for both FHA and Ginnie Mae during the fiscal 2024 budget appropriations reconciliation.
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Lenders Expect Uptick in FHA, VA Originations

January 5, 2024
Monica Hogan
FHA and VA lenders are gearing up for an uptick in purchase, refinance and renovation loans in the new year.
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Trade Groups Urge VA to Revisit VASP Policy

January 5, 2024
Monica Hogan
Industry and consumer groups want the VA’s upcoming Veterans Assistance Servicing Purchase loss-mitigation program to target borrower payment reduction, not a single interest rate target.
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Strong Support for HUD Proposal on Counseling Flexibility

January 5, 2024
Brandon Ivey
Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person.
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