FHA/VA loans in COVID-19-related forbearance continue to drop; VA updates eligibility rules on specially adapted housing grants; HUD plans a fair housing event; Ginnie non-agency early buyout securitization planned; VA to host advisory committee meeting on homeless veterans.
During her Senate confirmation hearing, Alanna McCargo, the nominee for Ginnie Mae president, pledged to ensure loss-mitigation tools remain protective as borrowers continue to exit forbearance programs.
FHA extended forbearance by another six months on recent additions to the recovery program and proposed a 40-year loan modification as a loss-mitigation option.
The Government Accountability Office warned the FHA Catalyst technology modernization program faces an increased risk of outspending its planned $91.9 million budget.
The House Committee on Veterans’ Affairs removed from a hearing agenda a draft bill that would have allowed veterans two concurrent uses of a VA guarantee entitlement.