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Around the Industry

April 29, 2022
Monica Hogan
Senate majority leader files cloture on Gordon’s confirmation for FHA chief; HUD OIG announces two Ginnie audits; HUD to host webinar for reverse mortgage counselors; FHA extends temporary shutdown of loan review system; HUD updates civil monetary penalties; FHA closes multifamily housing loan; USDA updates lender requirements for OneRD guaranteed loan initiative; USDA opens SF loan program to non-citizens.
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Gordon Moves Forward in Senate Confirmation Process

April 15, 2022
Monica Hogan
Julia Gordon is on track to be confirmed after the Senate last week voted 51-50, with VP Harris casting the tiebreaker, to enable consideration of her nomination as FHA commissioner on the Senate floor.
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Some Experts Favor Wait and See on FHA Premium Cuts

April 15, 2022
Monica Hogan
Amid growing calls among industry participants for a reduction in FHA mortgage insurance premiums, some experts believe FHA’s wait-and-see approach is the right way to go.
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FHA Shuts Down Loan Review System to Troubleshoot

April 15, 2022
Monica Hogan
FHA this week temporarily shut down its Loan Review System after users reported intermittent document errors over the past several weeks.
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HUD Releases First Equity Action Plan

April 15, 2022
Monica Hogan
The plan highlights FHA activities aimed at maximizing homeownership for first-time homebuyers, among other actions.
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FHA Counselors Need Succession Planning: HUD

April 15, 2022
Monica Hogan
The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.
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VA Enhances Loan Review Options

April 15, 2022
Monica Hogan
VA lenders can now upload the closing and loan application datasets for loans selected for VA full-file loan review.
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Nursing-Home Owners Face Challenges, HUD OIG Reports

April 15, 2022
Monica Hogan
Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.
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Around the Industry

April 15, 2022
Monica Hogan
FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.
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Biden Proposes Boosting HUD’s Budget for FY 2023

April 1, 2022
Monica Hogan
Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.
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