The Biden administration’s fiscal 2024 budget request includes $61 million for Ginnie Mae; HUD proposes modernized flood mitigation standards; HUD reinstates 2013 discriminatory effects standard; HUD announces fair housing grants.

FHA finalized a permanent stand-alone 40-year loan modification option for distressed borrowers.

Ginnie Mae is wasting no time in looking to find a replacement for Sam Valverde, who was recently promoted to principal executive vice president.

The proposed changes are tied to registration of branch offices where lenders are authorized to conduct FHA business and to applicable fees.

Coordination with FHA and the VA has been instrumental in helping Ginnie Mae implement its environmental, social and governance mortgage-backed securities initiative.

The CFPB has permanently banned RMK Financial/Majestic Home Loans from the mortgage lending business for repeatedly disseminating misleading marketing material.

Policy changes could curb denial rates of Black applicants to FHA’s home equity mortgage conversion program, an Urban Institute report says.

White House releases budget request; MBA seeks clarifications from FHA on expanded COVID loss-mitigation options; MBA asks VA to consider appraisal-related policy reforms; HUD finalizes rule removing LIBOR as approved index for FHA ARMs; House bill seeks to make permanent mortgage insurance premium tax deduction.

FHA is cutting annual mortgage insurance premiums, effective March 20. Lenders are seeking operational clarity on loans already in the origination pipeline.

Federal housing agencies will continue to collaborate on loss-mitigation options following their teamwork when responding to the COVID-19 pandemic.