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Ginnie FAQs Address Issuer Feedback on Eligibility Requirements

September 30, 2022
Monica Hogan
The guidance is aimed at helping issuers understand how the new risk-based capital ratio requirements apply to mortgage servicing rights, among other issues.
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Industry Seeks Increased Funding for Rural Housing

September 30, 2022
Monica Hogan
At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.
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Treasury Nudges Native Tribes to Apply for HAF

September 30, 2022
Monica Hogan
To date, Treasury has approved HAF plans from 176 tribes.
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Fixes Proposed for FHA Title I Manufactured Housing Program

September 30, 2022
Monica Hogan
Industry stakeholders are calling for regulatory and legislative changes to support the FHA Title I manufactured housing program.
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Around the Industry

September 30, 2022
Monica Hogan
Ginnie details buyout authority for loans impacted by hurricanes; HUD seeks comments on inflation-adjusted civil penalty policy; VA extends recission date for COVID-related relief; CFPB issues RFI on refis; VA submits loss-mit rule to OMB; Senate approves stopgap spending bill.
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Ginnie to Help Issuers Comply with Eligibility Requirements

September 16, 2022
Monica Hogan
Ginnie Mae is currently conducting one-on-one discussions to help issuers better understand the reasoning behind its new financial eligibility requirements that are set to take effect next year, the agency’s President Alanna McCargo said.
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MBA Urges White House Support for FHA MIP Cut

September 16, 2022
Monica Hogan
Four trade groups, including the Mortgage Bankers Association, are asking the White House’s National Economic Council to support a reduction in FHA mortgage insurance premiums.
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FHA to Allow Monthly Surplus Cash Distributions for MF Borrowers

September 16, 2022
Monica Hogan
The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.
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House Passes Bill to Improve Access to VA Home Loan Benefit

September 16, 2022
Monica Hogan
The House has passed a bill that would require VA to update the guidance and regulations of its home loan program, especially around appraisals.
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MBA Responds to FHA Plans to Modify Rehab Mortgage Program

September 16, 2022
Monica Hogan
The Mortgage Bankers Association has recommended changes to FHA’s plans to modify the 203(k) Rehabilitation Mortgage Insurance Program.
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