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HUD Details Actions Against FHA Lenders in Fiscal 2021

April 29, 2022
Monica Hogan
The Department of Housing and Urban Development’s Mortgagee Review Board took disciplinary actions against 97 FHA-approved lenders during fiscal year 2021.
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VA Urged to Boost Loans to Native American Veterans

April 29, 2022
Monica Hogan
VA has made relatively few home loans over the past 10 years under its Native American Direct Loan program, according to a report by the Government Accountability Office.
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HUD, VA Join USDA in Rural Partners Network

April 29, 2022
Monica Hogan
The White House this month announced the launch of its Rural Partners Network, an effort to “transform the way federal agencies partner with rural places to create economic opportunity.”
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HUD Secures Guilty Plea in Mortgage Fraud Case

April 29, 2022
Monica Hogan
The owner of a New Jersey-based property management company pleaded guilty to making false reports and statements to HUD.
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Around the Industry

April 29, 2022
Monica Hogan
Senate majority leader files cloture on Gordon’s confirmation for FHA chief; HUD OIG announces two Ginnie audits; HUD to host webinar for reverse mortgage counselors; FHA extends temporary shutdown of loan review system; HUD updates civil monetary penalties; FHA closes multifamily housing loan; USDA updates lender requirements for OneRD guaranteed loan initiative; USDA opens SF loan program to non-citizens.
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Gordon Moves Forward in Senate Confirmation Process

April 15, 2022
Monica Hogan
Julia Gordon is on track to be confirmed after the Senate last week voted 51-50, with VP Harris casting the tiebreaker, to enable consideration of her nomination as FHA commissioner on the Senate floor.
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Some Experts Favor Wait and See on FHA Premium Cuts

April 15, 2022
Monica Hogan
Amid growing calls among industry participants for a reduction in FHA mortgage insurance premiums, some experts believe FHA’s wait-and-see approach is the right way to go.
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FHA Shuts Down Loan Review System to Troubleshoot

April 15, 2022
Monica Hogan
FHA this week temporarily shut down its Loan Review System after users reported intermittent document errors over the past several weeks.
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HUD Releases First Equity Action Plan

April 15, 2022
Monica Hogan
The plan highlights FHA activities aimed at maximizing homeownership for first-time homebuyers, among other actions.
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FHA Counselors Need Succession Planning: HUD

April 15, 2022
Monica Hogan
The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.
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