McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.

Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.

Nearly 93% of all the FHA loans to millennials that closed in October were for home purchases.

Interest in Ginnie Mae EBOs is so strong that a secondary market has developed for the product.

New FHA and VA loan limits for 2021 will be released on Dec. 2.

Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.

Biden’s proposed tax credit of $15,000 will be automatically distributed to homebuyers when they make a purchase, according to the administration.

FHA Commissioner Dana Wade said this was the first time there have been no material weaknesses or significant deficiencies identified with its financial statements.

The U.S. Department of Agriculture plans to make it mandatory for lenders to use its guaranteed underwriting/loan closing system for all single-family loans.

FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)