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Expert Urges FHA to Finalize Private Flood Insurance Rule

February 18, 2022
Monica Hogan
This is a recurring conversation every time the National Flood Insurance Program is up for an extension.
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FHA Restores Pre-Pandemic Multifamily Loan Policies

February 18, 2022
Monica Hogan
FHA has removed the temporary underwriting mitigants for its multifamily loan program that were imposed early in the pandemic.
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USDA Mandates Use of Automated Underwriting Technology

February 18, 2022
Monica Hogan
Starting May 9, lenders in the Rural Housing Service’s single-family loan program must use designated technologies.
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HUD OIG Releases Strategic Plan Targeting Fraud, More

February 18, 2022
Monica Hogan
The HUD watchdog plans to concentrate its oversight on high-risk and mission-critical areas, as well as emergency issues.
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Ginnie Publishes LIBOR Transition Reference Guide

February 18, 2022
Monica Hogan
Ginnie Mae and FHA continue to prepare for the impacts of a transition away from the London Interbank Offered Rate.
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Around the Industry

February 18, 2022
Monica Hogan
FHA clarifies deadlines for legal matters related to COVID-19 forbearance; FHA updates on Catalyst transition; Rural Housing Service hikes appraisal fee.
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Ginnie Mae’s Financial Position Improves in 2021

February 4, 2022
Monica Hogan
Ginnie Mae’s cash holdings increased in fiscal year 2021, marking the sixth consecutive year of growth. The agency, which is largely operated by contractors, said it has adequate capital to withstand a downturn in the housing market.
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Industry Seeks Clarity on FHA Loan Servicing Taxonomy

February 4, 2022
Monica Hogan
Mortgage industry stakeholders want FHA to re-examine proposed updates to the servicing defects taxonomy. They want the taxonomy to include concrete examples of the types of errors that rise to the level of defect.
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Ginnie Reports on ESG, Work-from-Home Efforts

February 4, 2022
Monica Hogan
In its fiscal 2021 annual report, Ginnie Mae updated investors on moving its staff to work from home during the pandemic and how it can mitigate future risks through its environmental, social and governance efforts.
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Ohio SCRA Doesn’t Apply to Home Mortgages, County Court Rules

February 4, 2022
Monica Hogan
A common pleas court has ruled that Ohio’s Servicemembers Civil Relief Act does not protect active servicemembers from home loan interest rates above 6%, according to attorneys representing the defendant.
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