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Todman Defends HUD Budget Request Before Senate Committee

April 26, 2024
Monica Hogan
The Department of Housing and Urban Development’s Adrianne Todman last week made her first appearance before the Senate Banking and Housing Committee as acting secretary.
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Government Lenders Address Climate Risk

April 26, 2024
Monica Hogan
FHA and VA lenders and servicers should prepare for more regulation related to climate risk and housing sustainability, speakers at an AmeriCatalyst conference last week suggested.
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McCargo Put Ginnie in Better Position Before Resigning

April 26, 2024
Monica Hogan
Alanna McCargo, the outgoing Ginnie Mae president, is receiving praise for achievements, including obtaining a significant boost in funding from Congress.
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HUD Finalizes Flood Risk Rule

April 26, 2024
Monica Hogan
The final rule on the Federal Flood Risk Management Standard includes new requirements for FHA mortgages.
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Veterans United Foresees Uptick in VA Loans

April 26, 2024
Monica Hogan
The number of veterans and service members who plan to purchase a home in the next six months has increased, according to a new quarterly survey of prospective homebuyers by Veterans United Home Loans.
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Around the Industry

April 26, 2024
Monica Hogan
HUD finalizes rule on interested party contributions for FHA HECM for purchase program; Ginnie announces payment default status dataset; federal jury convicts FHA borrower of fraud; and more news briefs.
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Ginnie MBS Issuance Off to A Slow Start in Early 2024

April 12, 2024
Monica Hogan
Total issuance of Ginnie Mae mortgage-backed securities declined slightly during the first quarter of this year. Still, volume was up sharply from the first three months of 2023. (Includes four data tables.)
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Servicers Seek More Clarity on New VASP Program

April 12, 2024
Monica Hogan
The VA earlier this week announced its long-awaited Veterans Affairs Servicing Purchase loss-mitigation program and said it will launch May 31.
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HUD Took Action Against 88 FHA Lenders in FY2023

April 12, 2024
Monica Hogan
The administrative actions last year resulted in civil monetary penalties of more than $26 million.
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MBA, CHLA Raise Concerns Over NAR Proposed Settlement

April 12, 2024
Monica Hogan
The Mortgage Bankers Association and Community Home Lenders of America want policy updates from the VA and FHA to respond to market changes that are anticipated following a proposed National Association of Realtors settlement tied to broker commissions.
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