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Senate Banking Committee Hears from HUD Nominees Again

April 21, 2023
Monica Hogan
Lawmakers heard from Solomon Greene, who has been renominated to serve as assistant secretary for policy development and research, and David Uejio, who has been renominated for the position of assistant secretary for fair housing and equal opportunity at HUD.
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Around the Industry

April 21, 2023
Monica Hogan
Some federal agencies extend forbearance request deadlines; Guaranteed Rate ramps up reverse mortgage lending; Brewer, ME-based woman pleads guilty in VA home loan false statements case; Rural Housing Service sets timeline for 2023 housing preservation grant program.
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HUD IG Testifies Before Appropriations Subcommittee

April 7, 2023
Monica Hogan
The HUD OIG will soon report on an audit examining Ginnie Mae’s process for managing troubled issuers, according to Inspector General Rae Oliver Davis.
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USDA Needs More Resources to Improve Staffing, Tech

April 7, 2023
Monica Hogan
The USDA needs an influx of resources to boost staffing and improve information technology to meet the needs of its home loan programs.
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MBA, NCSHA Launch Online Tools for Housing Agency DPA

April 7, 2023
Monica Hogan
There are separate toolkits for conventional loans and those backed by the government housing agencies.
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Increase Downpayment Assistance for FHA Loans, Analysts Suggest

April 7, 2023
Monica Hogan
A new paper by the Joint Center for Housing Studies at Harvard University recommended increasing the amount of downpayment assistance to Black and Hispanic first-time homebuyers using FHA loans.
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Tribal Groups Raise Concerns Over Counselor Certification Proposal

April 7, 2023
Monica Hogan
HUD’s proposed certification requirement for housing counselors in its tribal programs has come under criticism for its impact on cost and capacity.
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Around the Industry

April 7, 2023
Monica Hogan
FHA appoints Edelman as deputy assistant secretary of single-family housing; VA issues updated guidance for noncompliant IRRRLs.
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HECM Production Slumps Near End of Banner Year

March 24, 2023
Monica Hogan
The reverse-mortgage market was virtually glowing last year, with production increasing 24.6% to a whopping $29.65 billion. But much of that activity was front-loaded in the first six months. (Includes three data charts.)
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Forbearance Dwindles But Still High for FHA/VA Loans

March 24, 2023
Monica Hogan
Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.
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