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Senate Approves HUD Budget with 7% Boost

August 5, 2022
Monica Hogan
The Senate last week approved $70 billion in budgetary resources for the Department of Housing and Urban Development as part of its fiscal 2023 appropriations package.
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FHA, Ginnie Officials Serve on HUD CDFI Task Force

August 5, 2022
Monica Hogan
HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.
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Ginnie Seeks Input on Manufactured Housing Programs

August 5, 2022
Monica Hogan
Ginnie Mae wants to know how the agency and FHA can enhance their respective manufactured housing programs.
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Study Finds Counseling Helps Younger FTHBs Boost Credit Scores

August 5, 2022
Monica Hogan
Results were mixed in a Department of Housing and Urban Development study on the impact of pre-purchase counseling for first-time homebuyers.
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Around the Industry

August 5, 2022
Monica Hogan
RHS proposes rule for use of automated underwriting and closing systems; Ginnie revises capital requirements for certain entities; VA clarifies new procedures for alternative valuation; USDA announces toll-free lender line; VA report on home loan program; FHA working to promote energy-saving products in home rehabilitations.
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Changes to FHA Insurance Premiums Eyed

July 22, 2022
Monica Hogan
Commissioner Julia Gordon assured industry participants that she is working through the challenges of bringing changes to the FHA home loan program.
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FHA Taking Steps to Improve Housing Supply

July 22, 2022
Monica Hogan
If FHA wants to consider the sustainability of manufactured housing, it must work on how personal-property units fit within a manufactured housing community, said FHA Commissioner Julia Gordon.
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FHA Lengthens Appraisal Validity to 180 Days

July 22, 2022
Monica Hogan
The new provisions apply to both FHA’s single-family home Title II and its home equity conversion mortgage programs.
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House Passes Minibus with 2023 HUD Appropriations

July 22, 2022
Monica Hogan
The Mortgage Bankers Association called for FHA to have enough funding for it to better manage the risks associated with the Mutual Mortgage Insurance Fund.
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House VA Committee Marks Up Benefits Bills

July 22, 2022
Monica Hogan
The House Committee on Veterans Affairs has marked up 18 bills to support veterans, among them one would improve the appraisal process under the VA home loan program.
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