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FHA Updates Assets for Net Worth Calculation by Lenders

October 8, 2021
Monica Hogan
FHA lenders have until Dec. 31 to comply with new changes to financial requirements for mortgagee eligibility.
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GAO Deems FHA Catalyst Oversight Unreliable

October 8, 2021
Monica Hogan
The Government Accountability Office warned the FHA Catalyst technology modernization program faces an increased risk of outspending its planned $91.9 million budget.
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VA and Ginnie Embrace Tech Modernization, MISMO Standards

October 8, 2021
Monica Hogan
Officials from VA and Ginnie Mae detail plans to modernize technology systems to better serve borrowers, investors and regulators.
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MBA Weighs In on FHA Handbook Revisions

October 8, 2021
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council seek clarification on recent updates to FHA’s single-family handbook.
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HUD Seeks Comments on LIBOR Impact to ARMs

October 8, 2021
Monica Hogan
With the London Interbank Offered Rate set to be discontinued, HUD issued a request for comments regarding FHA ARMs.
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Around the Industry

October 8, 2021
Monica Hogan
HUD releases climate adoption and resilience plan; FHA seeks feedback on HECM-related changes to its single-family housing policy handbook; HUD awards loan servicing contract; FHA is hiring.
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House Subcommittee Pulls Bill to Remove VA Loan Limit

September 24, 2021
Monica Hogan
The House Committee on Veterans’ Affairs removed from a hearing agenda a draft bill that would have allowed veterans two concurrent uses of a VA guarantee entitlement.
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House Committee Marks Up Infrastructure Bill

September 24, 2021
Monica Hogan
The House Committee on Financial Services last week marked up legislation that would devote $322 billion in funding to affordable housing, including for a pilot program to expand small-dollar lending options for homes that cost up to $100,000.
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FHA, VA, Ginnie Officials Look Forward

September 24, 2021
Monica Hogan
During a recent conference, officials from government agencies spoke about their responses to the COVID-19 pandemic and the top challenges facing them next year.
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McCargo’s Nomination to Helm Ginnie Lauded

September 24, 2021
Monica Hogan
President Biden’s planned nomination of Alanna McCargo to serve as Ginnie Mae president received widespread support from the industry.
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