A HUD policy update has “unintentionally eliminated” reimbursements to servicers for property preservation and protection expenses that occur before a foreclosure process begins.

FHA officials Lopa Kolluri and Julienne Joseph further explain the motivating rationale for allowing a new 40-year loan-modification option for borrowers financially impacted by the pandemic.

Amid growing calls among industry participants for a reduction in FHA mortgage insurance premiums, some experts believe FHA’s wait-and-see approach is the right way to go.

The plan highlights FHA activities aimed at maximizing homeownership for first-time homebuyers, among other actions.

VA lenders can now upload the closing and loan application datasets for loans selected for VA full-file loan review.

Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.

FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.

HUD announced its goal to advance sustainable homeownership as part of its new fiscal 2022-2026 strategic action plan.

The mortgage industry is once again clamoring for FHA to cut its mortgage insurance premiums or to at least offer clarity on its plans to address its overcapitalized Mutual Mortgage Insurance Fund.

HUD will accept public feedback on the proposal through May 31.