HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.
HUD to shift headquarters; FHA lending update; VA launches improved help desk; FHA looks into BNPL; organizations sue HUD over Fair Housing Act grants.
Appropriations to the FHA for administrative expenses would increase by $10 million over fiscal year 2025 funding levels under the Trump administration’s discretionary budget proposal.
FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.
A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.
FHA’s claims without conveyance of title program already saves FHA, servicers and borrowers time and money, and the program could be made more effective, according to analysts at the Urban Institute.
Andrew Hughes confirmed as HUD deputy secretary; HUD to end affirmative fair housing marketing requirements for FHA multifamily program applicants; HUD updates civil monetary penalty amounts to match inflation.
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