The bill amends a law passed two years ago that allowed more National Guard members and reservists to access the VA home loan program.

Verified on-time monthly payments of $300 or more in the previous 12 months will be considered as positive rental payment history.

The guidance is aimed at helping issuers understand how the new risk-based capital ratio requirements apply to mortgage servicing rights, among other issues.

At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

To date, Treasury has approved HAF plans from 176 tribes.

Industry stakeholders are calling for regulatory and legislative changes to support the FHA Title I manufactured housing program.

Ginnie details buyout authority for loans impacted by hurricanes; HUD seeks comments on inflation-adjusted civil penalty policy; VA extends recission date for COVID-related relief; CFPB issues RFI on refis; VA submits loss-mit rule to OMB; Senate approves stopgap spending bill.

Ginnie Mae is currently conducting one-on-one discussions to help issuers better understand the reasoning behind its new financial eligibility requirements that are set to take effect next year, the agency’s President Alanna McCargo said.

Four trade groups, including the Mortgage Bankers Association, are asking the White House’s National Economic Council to support a reduction in FHA mortgage insurance premiums.

The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.