FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.

The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.

Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.

The Mortgage Bankers Association said its members support the 40-year loan term as an additional loss-mitigation option, and not the only option.

Pressure continues to mount on the Department of Housing and Urban Development to announce a decision on cutting FHA mortgage insurance premiums.

USDA Under Secretary for Rural Development Xochitl Torres Small testified this week about the shortages of affordable multifamily rental units and single-family homes for sale in rural areas.

FHA is planning significant reductions to both the upfront and annual mortgage insurance premiums for most Section 232 program mortgages of green residential care facilities.

The government housing agencies have updated their frequently-asked-questions pages to assist servicers handling borrowers whose applications for relief under the Homeowner Assistance Fund are pending.

The slowing pace of delinquencies helped mitigate the impact of a reduction in new private mortgage insurance policies written as mortgage originations slowed.

Tai Christensen, newly appointed chair of the American Mortgage Diversity Council, wants to change the way the mortgage industry thinks about diversity.