Proposed updates to rules governing VA interest rate reduction refinance loans drew asks from VA lenders and trade groups around loosening eligibility requirements for borrowers to maintain access to the product. (Includes data chart.)

A Ginnie SVP allegedly leaked information regarding an agency issuer to a private-sector firm, breaking the rules. A referral was made to the DOJ, but nothing ever came of it. Details? There aren’t many.

A last-minute budget deal resulted in funding increases for many HUD housing-related programs.

The proposal outlines the process and documentation requirements related to a borrower’s request for a review of their appraisal results.

A proposal to streamline servicing and claim requirements for FHA mortgages is in the works, along with expanded loss-mitigation options for VA servicers. VA also plans to issue a final rule on cash-out refis.

Outlook for Wells’ participation in FHA market unclear; Biden signs legislation to improve VA appraisals; MBA calls for higher fee on mortgage assumptions; VA revises forms; FHA hosting webinar on quality assurance; Rural Housing Service updates program guidelines.

FHA needs reliable funding to continue its multi-year Catalyst information technology upgrade, Commissioner Julia Gordon said in a recent interview.

As the landscape shifts from refinances to purchase mortgages, the FHA program can be a volume generator, FHA Commissioner Julia Gordon told attendees at the annual Mortgage Bankers Association convention.

Nonbank issuers participating in Ginnie Mae MBS now have until the end of 2024 to comply with new risk-based capital requirements.

Cash-strapped nonbank servicers were less likely than banks to help borrowers through pandemic-era mortgage relief, according to a new Federal Reserve report on the CARES Act forbearance program.