The new bill would reduce or eliminate processing delays, thereby encouraging more lenders to participate in trust land mortgage lending, according to the Mortgage Bankers Association.

There’s growing concern that time is growing short to reach a bipartisan, bicameral consensus on HUD spending.

Investing mortgagees, companies that can buy FHA loans but can’t originate them, would face somewhat tougher standards under the proposed changes.

The proposed rule would expand the methods of communication servicers can use to reach borrowers in default in order to comply with HUD’s face-to-face meeting requirements.

The proposed payment supplement partial claim will be particularly useful for distressed borrowers whose mortgages have below-market interest rates.

FHA Commissioner Julia Gordon and Ginnie Mae President Alanna McCargo spoke at the Mortgage Bankers Association’s recent secondary market conference.

HUD for the first time has committed to making its FHA appraisal data publicly available. The disclosures will be available later this year.

The Mortgage Bankers Association and the Housing Policy Council want the VA to carefully consider the specifics of a new loss-mitigation program, the VA Servicing Purchase program, it plans to unveil this summer.

Loan holders or their authorized servicing agents with automatic authority must decide on a completed loan assumption application within 45 calendar days of receipt, VA said in new guidance.

Members of the House Financial Services Committee are seeking clarification related to the treatment of delinquent loan buyouts from Ginnie Mae pools in the new Community Reinvestment Act proposal.