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Programs & Policies
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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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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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Flagstar-DOJ Amend Settlement Over False Certifications

April 8, 2021
Maria Volkova
Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012.
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Secretary Fudge Wants $100 Billion More for HUD

March 26, 2021
Maria Volkova
Marcia Fudge invites political controversy during her first White House briefing as HUD secretary.
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House Discusses Assistance for First-Generation Homebuyers

March 26, 2021
Maria Volkova
A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.
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CRL Seeks Equitable Distribution of $10B Homeowner Fund

March 26, 2021
Maria Volkova
Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.
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FHA Extends Forbearance, Eviction Moratoriums Again

February 26, 2021
Maria Volkova
The new timeline moves the moratorium’s expiration deadline, as well as the timeframe for a borrower to request an initial COVID-19 forbearance by three months to June 30.
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Private MIs Warn Against Cutting FHA Premiums

February 12, 2021
Maria Volkova
Susquehanna International Group dismissed the private MI industry’s concerns over a potential FHA cut as “unwarranted” and not aligned “with the underlying math.”
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