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VA Enhances Loan Review Options

April 15, 2022
Monica Hogan
VA lenders can now upload the closing and loan application datasets for loans selected for VA full-file loan review.
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Nursing-Home Owners Face Challenges, HUD OIG Reports

April 15, 2022
Monica Hogan
Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.
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Around the Industry

April 15, 2022
Monica Hogan
FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.
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Biden Proposes Boosting HUD’s Budget for FY 2023

April 1, 2022
Monica Hogan
Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.
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FHA Outlines Its Role in Appraisal Bias Task Force

April 1, 2022
Monica Hogan
FHA will ensure appraisers have clear guidance on their antidiscrimination obligations under current laws, improve the processes for homeowners to seek revaluation and expand data sharing among agencies, among other plans.
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HUD Sets Goal to Boost First-Time Homeownership

April 1, 2022
Monica Hogan
HUD announced its goal to advance sustainable homeownership as part of its new fiscal 2022-2026 strategic action plan.
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USDA Loan Issuance Up in 2021, Down in Q4

April 1, 2022
Monica Hogan
Issuance of Ginnie MBS with USDA home loans increased by 3.8% last year compared to 2020 figures, with $25.78 billion in volume. (Includes two data charts.)
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Calls for FHA Premium Cuts Reemerge Post Budget Projections

April 1, 2022
Monica Hogan
The mortgage industry is once again clamoring for FHA to cut its mortgage insurance premiums or to at least offer clarity on its plans to address its overcapitalized Mutual Mortgage Insurance Fund.
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FHA Proposes 40-Year Loan Modification Option

April 1, 2022
Monica Hogan
HUD will accept public feedback on the proposal through May 31.
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OIG Continues to Find Flaws With FHA Flood Coverage

April 1, 2022
Monica Hogan
Borrowers with FHA loans don’t always have enough flood insurance, according to a recent report by HUD’s Office of Inspector General.
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