Loan removals from Ginnie Mae MBS fell to their lowest point in at least four years as payoffs, defaults and loss mitigation all ebbed in the first quarter of 2023. (Includes data chart.)

The Community Home Lenders of America asked leaders of the congressional appropriations committees to fully fund FHA’s and Ginnie Mae’s fiscal 2024 budget requests for salaries and administrative expenses.

The Mortgage Bankers Association wants FHA to extend to all lenders certain documentation waivers recently made available to Reverse Mortgage Funding transferees.

VA extends COVID-19-related forbearance request deadline; HUD reduces fees for Section 184 loans; MBA asks Congress to authorize rural ADU financing; FHA outlines effective dates for LIBOR transition.

The Department of Veterans Affairs’ first annual conference since 2019 will include panels for mortgage servicers and home appraisers in addition to lender-focused talks.

Home sellers have become more receptive to FHA offers now that the market has started to cool, according to Black Knight Vice President Andy Walden.

The White House has requested $73.3 billion for the Department of Housing and Urban Development in fiscal 2024.

FHA is taking feedback through April 27 on a draft mortgagee letter proposing the use of rental income from accessory dwelling units to calculate borrowers’ eligibility for a home loan.

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.

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.