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Programs & Policies
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Calls for FHA Premium Cuts Reemerge Post Budget Projections

April 1, 2022
Monica Hogan
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.
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FHA Proposes 40-Year Loan Modification Option

April 1, 2022
Monica Hogan
HUD will accept public feedback on the proposal through May 31.
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Around the Industry

April 1, 2022
Monica Hogan
FHA issues clarification on reimbursement claims; MISMO seeks comments on a new dataset to support a VA certificate of eligibility form; HUD Office of Native American Programs to host virtual summit; HUD seeks nominations for Tribal Intergovernmental Advisory Committee.
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New Omnibus Spending Bill Increases HUD’s Budget

March 18, 2022
Monica Hogan
The Consolidated Appropriations Act of 2022 includes $53.7 billion for the Department of Housing and Urban Development.
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NAHREP Report Calls for FHA Policy Updates

March 18, 2022
Monica Hogan
FHA loans can make homebuyers less competitive in a tight housing market, according to a report from the National Association of Hispanic Real Estate Professionals.
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Around the Industry

March 18, 2022
Monica Hogan
FHA enhances e-submission of flood insurance data; USDA seeking deferral-assistance applications; HUD introduces new HECM client budget tool; NRMLA to host webinar on best practices; MISMO seeks comments on new MI activation API; FHA introduces Spanish language training.
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FHA Updates Servicers on HAF Program

March 4, 2022
Monica Hogan
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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RHS Adopts Multifamily Rental Assistance Program

March 4, 2022
Monica Hogan
The Rural Housing Service finalized rules overseeing a rental assistance program, as well as a new fee structure, for its multi-family housing direct loans and grants programs.
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FHA Restores Pre-Pandemic Multifamily Loan Policies

February 18, 2022
Monica Hogan
FHA has removed the temporary underwriting mitigants for its multifamily loan program that were imposed early in the pandemic.
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USDA Mandates Use of Automated Underwriting Technology

February 18, 2022
Monica Hogan
Starting May 9, lenders in the Rural Housing Service’s single-family loan program must use designated technologies.
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