United Wholesale Mortgage is offering 5/1 adjustable-rate mortgage options for FHA and VA loans. Such loans are not common in the government-insured market.
HUD OIG reports large collections following audit; HUD Counseling Committee to hold virtual meeting on June 12; Ginnie’s Gormley emphasizes close working relationship with FHA officials; MBA survey sees flat FHA application share.
The House Veterans’ Affairs Committee forwarded a partial claims bill to Congress, but committee members warned that tens of thousands of veteran borrowers are facing foreclosure in the meantime.
Veterans United Home Loans saw a sharp decline in correspondent sales of government-backed loans in 2024, while volume at Guild Mortgage and Rate surged. (Includes data table.)
In response to questions from Senate Democrats, nominees for HUD positions expressed views in line with the Trump administration’s restrictions on FHA loans for non-permanent residents.
FHA has archived nearly 600 mortgagee letters that it determined had expired or been fully superseded by the current FHA handbook or other policies, to help improve the accuracy of web searches.
The Trump administration’s 2026 discretionary budget would eliminate the U.S. Department of Agriculture’s single-family home direct loan program, a small program that saw record interest in 2024.
Ginnie Mae is modifying its master subservicer system; VA Loan Guaranty Service launches toolkit for real estate professionals; FHA places 90-day foreclosure moratorium on Virginia homes affected by flooding and winter storms.
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