FHA must address its servicers’ inadequate implementation of COVID-19-related mortgage payment relief, a multistate coalition told the agency late last month.
FHA extends deadline for feedback on HECMs; FHA revises effective dates for the transition to its Catalyst default monitoring system; VA extends its assisted appraisal processing program; Fannie Mae Desktop Underwriter for government loans to undergo system changes this month; Ginnie to host listening session; Mid America Mortgage secures a gestation repo line; policy changes at FHFA could boost competition between GSE and FHA lenders.
The Bipartisan Policy Center and the Urban Institute this month called on local, state and federal policymakers to help address the critically short supply of housing, especially affordable housing.
Industry stakeholders want mortgage lenders, real estate agents and Congress to work with the Department of Veterans Affairs to enhance the VA home loan program.
Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.
FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.
The spending bill would direct $300 million for HUD information technology systems, including those that support FHA mortgage insurance programs and grant programs.