High churn rates in the VA program lead to higher interest rates for FHA borrowers because loans from the two programs are pooled together in Ginnie Mae MBS. But there’s not a clear path to separate them.

The Department of Housing and Urban Development wants to know whether any statutory changes could improve the programs. Meanwhile, there is no update on the HMBS 2.0 product proposed last year.

The bill would stop FHA from collecting mortgage insurance premiums once a borrower’s loan-to-value ratio declines to 78%.

LGY updates accepted reservist documentation; HUD reduces multifamily mortgage insurance premiums; USDA posts shutdown banner; USDA encourages multifamily projects to watch costs.

FHA plans to improve housing affordability by removing proverbial red tape, according to Matt Jones, FHA deputy assistant secretary for single-family housing.

Equity Prime Mortgage said the delinquency ratios that triggered FHA to terminate its direct endorsement authority in some areas do not capture the financial pressure many borrowers are under.

Mortgage servicers have been putting in the hours to prepare for FHA’s expedited rollout of its new loss-mitigation waterfall beginning next month.

The Mortgage Industry Standards Maintenance Organization has a new data framework for servicers of government-backed loans.

The Community Home Lenders of America suggested that the Trump administration incorporate reciprocal approval for condo buildings between FHA and the GSEs if the administration declares a national housing emergency.

EPM brings VA lending in-house; House continuing resolution edits VA partial claim program; FHA updates Section 232 rehabilitation language.