VA partial claims greenlit; FHA implements multi-factor authentication; lawmaker calls for DOGE investigation at HUD; HUD sells HECMs in bulk.

Industry stakeholders said FHA’s move to allow part-time underwriters to qualify for direct endorsement is also likely to reduce operational costs.

The legislation authorizing the Department of Veterans Affairs to establish a partial claim program has yet to be signed by the president and the timeline for implementation isn’t clear.

The increase in delinquency rates among FHA loans originated in recent years probably comes down to inflation, Urban Institute researchers said, ruling out other culprits.

The Department of Housing and Urban Development has changed the way it calculates the floor price for properties sold at foreclosure sales under its claims without conveyance of title program, but maintained that servicers must pay more than total debt owed in some instances.

The Department of Housing and Urban Development has cut the height to which builders are required to raise a bottom floor above the 100-year flood level, saving money for builders, but likely not building owners.

Industry participants responded positively to the Department of Housing and Urban Development’s proposal to set the FHA mortgage insurance premiums to 0.25% for all multifamily loans.

HomeStreet sells Ginnie servicing; VA updates county list for insect inspections; FHA updates XML submission format.

The mortgage industry expects deregulatory moves by FHA will speed up and lower costs associated with the loan origination process.

Industry and veteran organizations said pending legislation that would authorize the Department of Veterans Affairs to create a partial claims program isn’t enough to close VA’s gap with other government-backed programs.