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Around the Industry

January 7, 2022
Monica Hogan
FHA extends deadline for feedback on HECMs; FHA revises effective dates for the transition to its Catalyst default monitoring system; VA extends its assisted appraisal processing program; Fannie Mae Desktop Underwriter for government loans to undergo system changes this month; Ginnie to host listening session; Mid America Mortgage secures a gestation repo line; policy changes at FHFA could boost competition between GSE and FHA lenders.
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Senate Confirms McCargo as Ginnie Mae President

December 17, 2021
Monica Hogan
Alanna McCargo will be the first Senate-confirmed president of Ginnie Mae since 2017.
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FHA’s Regulatory Workload Remains Significant in 2022

December 17, 2021
Monica Hogan
A rule allowing borrowers to purchase private flood insurance can be expected in February, according to HUD’s recently released agenda.
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House Subcommittee Hears Tips for VA Home Loan Program

December 17, 2021
Monica Hogan
Industry stakeholders want mortgage lenders, real estate agents and Congress to work with the Department of Veterans Affairs to enhance the VA home loan program.
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California Leads States in HECM Lending

December 17, 2021
Monica Hogan
California continued to have a solid lead in originations of home-equity conversion mortgages in the first nine months of 2021. (Includes two data charts.)
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MBA Seeks Changes to FHA Single-Family Handbook

December 17, 2021
Monica Hogan
The Mortgage Bankers Association has sent 39 proposed origination-focused revisions for FHA’s single-family policy handbook.
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Industry Asks FHA for Quick Transition From LIBOR

December 17, 2021
Monica Hogan
In comments due last week, industry and consumer groups sought clarity on the transition from LIBOR for adjustable-rate mortgages.
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FHA’s Quality Assurance Team Hears From Servicers

December 17, 2021
Monica Hogan
FHA mortgage lenders and servicers shared their concerns with the agency’s single-family housing quality assurance team this week.
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Around the Industry

December 17, 2021
Monica Hogan
Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.
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FHA Catalyst Default Monitoring System Delayed

December 3, 2021
Monica Hogan
FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1.
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