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VA Proposal on Loss-Mit Planned for October

December 15, 2023
Monica Hogan
According to the agency’s latest regulatory agenda, the VA Servicing Purchase program is scheduled for release next fall.
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Servicers Seek Changes to FHA Partial Claims Policy Update

December 15, 2023
Monica Hogan
The Mortgage Bankers Association and the National Mortgage Servicing Association want FHA to make additional revisions to rules for its planned partial payment supplement partial claim loss-mitigation program.
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HECM-for-Purchase Updates Receive Strong Support

December 15, 2023
Monica Hogan
Industry participants support FHA’s plans to update policy on acceptable monetary investment funding sources and interested-party contributions for its home equity conversion mortgage for purchase program.
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VA Plans New Minimum Property Requirements

December 15, 2023
Monica Hogan
VA issued an advance notice of proposed rulemaking to consider updates to its minimum property requirements as mandated by the Improving Access to the VA Home Loan Benefit Act.
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Around the Industry

December 15, 2023
Monica Hogan
VA issues circular on foreclosure moratorium; Ginnie is looking for new senior vice president for the Office of Enterprise Data and Technology Solutions.
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OIG Cites FHA for Insufficient Lender Monitoring

December 1, 2023
Monica Hogan
FHA lacks sufficient safeguards to monitor its lenders and servicers and to prevent ineligible loans and claims in its mortgage insurance program, according to the HUD’s Office of Inspector General.
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VA Calls for Six-Month Pause on Foreclosures

December 1, 2023
Monica Hogan
The Department of Veterans Affairs also extended its COVID-19 refund modification program through May 31.
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FHA Foreclosure Policy Faces Legal Uncertainty

December 1, 2023
Monica Hogan
An appeals court’s decision in Show Me State Premium Homes v. McDonnell has introduced uncertainty regarding the insurability of title following a nonjudicial foreclosure tied to an FHA-insured property.
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FHA Will Continue to Focus on IT Modernization

December 1, 2023
Monica Hogan
The goal, FHA said in a new report, is to improve the quality and efficiency of its data and allow its program offices to better collaborate.
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RHS Proposes Updates to Single-Family Programs

December 1, 2023
Monica Hogan
Among other things, the proposed revisions will better align RHS’s single-family direct and guaranteed loan and grant programs.
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