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NAHREP Report Calls for FHA Policy Updates

March 18, 2022
Monica Hogan
FHA loans can make homebuyers less competitive in a tight housing market, according to a report from the National Association of Hispanic Real Estate Professionals.
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NAR, VA Join Hands to Boost Veterans Homeownership

March 18, 2022
Monica Hogan
Leslie Rouda Smith of the National Association of Realtors and John Bell of the Department of Veterans Affairs partnered on two training videos to increase awareness of the benefits of the VA home loan program.
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HUD OIG Warns Borrowers of Loan-Modification Scams

March 18, 2022
Monica Hogan
Homeowners should be wary of “too good to be true” schemes involving loan modifications and foreclosure rescues, the HUD’s internal watchdog warned.
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USDA Offering Loans for Off-Farm Labor Housing

March 18, 2022
Monica Hogan
The Department of Agriculture’s Rural Housing Service is taking pre-applications for loans and grants to improve off-farm labor housing.
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Borrower Pleads Guilty to FHA Loan Application Fraud

March 18, 2022
Monica Hogan
A North Providence, RI, woman has pleaded guilty to providing false information to a mortgage lender when applying for an FHA mortgage.
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Around the Industry

March 18, 2022
Monica Hogan
FHA enhances e-submission of flood insurance data; USDA seeking deferral-assistance applications; HUD introduces new HECM client budget tool; NRMLA to host webinar on best practices; MISMO seeks comments on new MI activation API; FHA introduces Spanish language training.
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Reverse Mortgage Industry Foresees Growth

March 4, 2022
Monica Hogan
Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
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VA Lender: Cash-Out Refis on the Rise

March 4, 2022
Monica Hogan
Veterans still recovering from the financial impact of the pandemic are tapping into home equity, according to ClearPath Lending officials.
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FHA Updates Servicers on HAF Program

March 4, 2022
Monica Hogan
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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RHS Adopts Multifamily Rental Assistance Program

March 4, 2022
Monica Hogan
The Rural Housing Service finalized rules overseeing a rental assistance program, as well as a new fee structure, for its multi-family housing direct loans and grants programs.
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