The Mortgage Bankers Association suggested FHA reinstate a mortgage lender’s option to document a borrower’s previous work history through a verbal verification of employment, among other recommendations.

Ted Tozer, former Ginnie Mae president, is calling for revisions to FHA policy that would encourage the adoption of assumable mortgages.

VA wants to know if its loss-mitigation options are flexible and adaptable enough for transitional times.

Ginnie Mae to ease seasoning requirements for reperforming loans, FHA proposes updating loan limits on its Title I manufactured home program, HUD proposes removing LIBOR for ARMs, and more news.

With the FHA MMIF actuarial audit due next month, industry watchers are speculating the timing of an announcement of a potential MIP cut.

FHA is seeking comments through Dec. 5 on its request for information on barriers to small mortgage lending.

A VA Native American Direct Loan offers the same benefits as one from the VA home loan guaranty program but with no private lender in the middle, said John Bell of the VA Loan Guaranty Service.

The House and Senate passed separate bills over the summer containing funding for the Department of Housing and Urban Development for the next fiscal year.

Industry analysts continue to assess Ginnie Mae’s new nonbank issuer eligibility requirements and what impact they might have on the mortgage market.

The Department of Housing and Urban Development has issued a 90-day moratorium on foreclosures of FHA mortgages, among other measures.