Ginnie Mae officials remain confident that most of its issuers will be ready to comply with new financial eligibility requirements set to go into effect Sept. 30.

State housing finance agencies want to be exempted from proposed FHA audit requirements for investing mortgagees, the National Council of State Housing Agencies said in a comment letter.

The updated guidance, which will go into effect Jan. 1, notes that housing counseling must be provided by a qualified, independent third party and not by anyone compensated by a mortgage originator or servicer.

FHA Catalyst claims module now enables bulk submissions of supplemental claims; USDA’s Rural Housing Service to release proposed rule updating eligibility requirements for non-citizens; Senate Banking Committee to hold hearing on flood insurance; HUD to hold meeting of its Housing Counseling Federal Advisory Committee.

Industry watchers have called on VA to release a draft policy document describing the details of its proposed veterans assistance servicing purchase program by Sept. 21.

The Mortgage Bankers Association wants FHA to clarify language around the separation of credit and collateral delegated endorsement designations.

The Money Source has agreed to pay $58,000 in civil monetary penalty to settle allegations of servicing violations.

FHA said the requirement unnecessarily prevented or delayed borrowers from obtaining mortgages.

The bureau found a four-fold increase in the number of reverse mortgage direct mail advertisements sent to consumers over the past two years compared to 2019 and 2020.

The pilot program was previously limited to only certain states and territories and included requirements that restricted program access.