The Mortgage Bankers Association has sent 39 proposed origination-focused revisions for FHA’s single-family policy handbook.

In comments due last week, industry and consumer groups sought clarity on the transition from LIBOR for adjustable-rate mortgages.

FHA mortgage lenders and servicers shared their concerns with the agency’s single-family housing quality assurance team this week.

Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.

FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1.

Almost one year into the Biden administration, both FHA and Ginnie Mae are waiting for the Senate to approve leaders.

The latest version of the Biden administration’s Build Back Better agenda retained several key programs intended to support homeownership.

The mortgage industry wants Ginnie Mae to withdraw the pandemic-related pooling restrictions imposed on reperforming loans.

FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.

While lenders contend lower FHA insurance premiums will help attract more borrowers, FHA wants to protect the resiliency of its program. (Includes data chart.)