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White House Picks Gordon as FHA Commissioner

July 2, 2021
Maria Volkova
President Biden has nominated Julia Gordon to be the next FHA commissioner. Also, the White House has picked CFPB Acting Director Dave Ueijo as assistant secretary for fair housing.
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HUD Proposes to Restore 2013 Disparate-Impact Rule

July 2, 2021
Maria Volkova
If the Obama-era rule is reinstated, a six-year-old lawsuit filed by the National Association of Mutual Insurance Companies could be revived.
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Sellers Treat FHA Borrowers Less Favorably, Survey Finds

July 2, 2021
Maria Volkova
Survey respondents said only 13% of sellers would “definitely” be likely to accept an offer from a buyer using an FHA or VA loan, compared to 66% for conventional loans.
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HECM Lender’s Motion to Dismiss Fraud Case Rejected

July 2, 2021
Maria Volkova
The upshot: The DOJ can proceed with its lawsuit against Nutter Home Loans for faulty underwriting.
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FHA Announces Changes to COVID-Related Policies

July 2, 2021
Maria Volkova
Self-employment and rental income policies extended until Sept. 30.
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Biden Takes Aim at Home Appraisal Disparity

June 4, 2021
Maria Volkova
Commemorating the 100th anniversary of the Tulsa Race Massacre, the White House announced the creation of a task force led by the housing secretary to root out discrimination in the appraisal and homebuying process.
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VA Issues Final COVID-19 Partial Claim Program Rule

June 4, 2021
Maria Volkova
The final rule aligns the VA partial claim program with initiatives implemented by the FHA and USDA. The rule goes into effect July 27.
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USDA Allows Refinancing of Loans Post-Moratorium

June 4, 2021
Maria Volkova
The temporary measure allows borrowers to refinance Section 502 and 504 loans if they were, or are, in a COVID-19 forbearance moratorium.
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FHA Clarifies Eligibility for DACA Recipients

June 4, 2021
Maria Volkova
The government MI amended documentation requirements for borrowers with Deferred Action for Childhood Arrivals status.
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Mortgage Help Proposed for Teachers, First Responders

June 4, 2021
Maria Volkova
The bipartisan House bill seeks to give teachers and first responders access to an FHA mortgage without having to make a downpayment.
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