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HUD IG Testifies Before Appropriations Subcommittee

April 7, 2023
Monica Hogan
The HUD OIG will soon report on an audit examining Ginnie Mae’s process for managing troubled issuers, according to Inspector General Rae Oliver Davis.
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USDA Needs More Resources to Improve Staffing, Tech

April 7, 2023
Monica Hogan
The USDA needs an influx of resources to boost staffing and improve information technology to meet the needs of its home loan programs.
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MBA, NCSHA Launch Online Tools for Housing Agency DPA

April 7, 2023
Monica Hogan
There are separate toolkits for conventional loans and those backed by the government housing agencies.
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Increase Downpayment Assistance for FHA Loans, Analysts Suggest

April 7, 2023
Monica Hogan
A new paper by the Joint Center for Housing Studies at Harvard University recommended increasing the amount of downpayment assistance to Black and Hispanic first-time homebuyers using FHA loans.
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Tribal Groups Raise Concerns Over Counselor Certification Proposal

April 7, 2023
Monica Hogan
HUD’s proposed certification requirement for housing counselors in its tribal programs has come under criticism for its impact on cost and capacity.
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Around the Industry

April 7, 2023
Monica Hogan
FHA appoints Edelman as deputy assistant secretary of single-family housing; VA issues updated guidance for noncompliant IRRRLs.
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HECM Production Slumps Near End of Banner Year

March 24, 2023
Monica Hogan
The reverse-mortgage market was virtually glowing last year, with production increasing 24.6% to a whopping $29.65 billion. But much of that activity was front-loaded in the first six months. (Includes three data charts.)
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Forbearance Dwindles But Still High for FHA/VA Loans

March 24, 2023
Monica Hogan
Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.
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HUD Details Actions Against FHA Lenders in FY2022

March 24, 2023
Monica Hogan
The Department of Housing and Urban Development took actions against 65 FHA lenders last year for various program violations.
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Lenders Ask HUD to Align Sec. 184 With FHA Program

March 24, 2023
Monica Hogan
The Mortgage Bankers Association recommended the Department of Housing and Urban Development publish its proposed Section 184 guidelines in a policy handbook similar to FHA’s rather than in a Code of Federal Regulation.
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