FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.

HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.

Among the proposed revisions, FHA would reduce the requirement for rental income history from boarders from two years to 12 months.

Trump nominates Doug Collins as VA secretary; VA proposes revisions to loan loss reporting requirements; USDA to update technical handbook; HUD extends compliance deadline for rule on modernizing engagement with borrowers in default.

John Bell, executive director of the VA Loan Guaranty Service, spends much of his time now monitoring the impact on VA borrowers from the National Association of Realtors’ landmark antitrust settlement.

After sweeping Republican victories in elections this week, questions arise over who will lead the FHA, Ginnie Mae and the Department of Housing and Urban Development.

Currently, if an individual loan in a Ginnie Mae pool has a defect, the entire pool is ineligible for sale, limiting an issuer’s options to transfer servicing rights.

Mortgage servicers and agency officials speaking at the Mortgage Bankers Association’s recent annual convention shared their experiences implementing the new VASP loss-mitigation program.

Three researchers at the Urban Institute’s Housing Finance Policy Center believe a zero-downpayment FHA loan would be the most cost-effective way to expand first-time homeownership.

FHA and Ginnie Mae officials are working to ensure HECMs are available by implementing various reforms.