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Home » Topics » Inside FHA/VA Lending » Programs & Policies

Programs & Policies
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Around the Industry

January 27, 2023
Brandon Ivey
Looser pooling requirements for delivering reperforming loans to Ginnie; FHA revises policy handbook; FHA updates instructions for use of GSE model forms; FHA hiring; VA revises various forms; VA offers loan review API; CHLA calls for permanent PTAP; RHS proposes loosening loss-mitigation standards.
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FHA Faces Calls to Revise HECM Policies Following RMF Failure

January 13, 2023
Brandon Ivey
If the largest servicer of HECMs couldn’t handle the financial burden posed by mandatory buyouts of the loans, what hope is there for others? FHA is being urged to make changes to HECM policies. (Includes data chart.)
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Lenders Request More Seasoning Flexibility for IRRRLs

January 13, 2023
Sam Manas
Proposed updates to rules governing VA interest rate reduction refinance loans drew asks from VA lenders and trade groups around loosening eligibility requirements for borrowers to maintain access to the product. (Includes data chart.)
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A Head Scratcher: HUD OIG Drops a Dime, DOJ Says No

January 13, 2023
Paul Muolo
A Ginnie SVP allegedly leaked information regarding an agency issuer to a private-sector firm, breaking the rules. A referral was made to the DOJ, but nothing ever came of it. Details? There aren’t many.
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FHA Issues Draft Policy on Appraisal Reviews Requests

January 13, 2023
Namrata Bhatia
The proposal outlines the process and documentation requirements related to a borrower’s request for a review of their appraisal results.
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Servicing Changes Top Regulatory Agendas at FHA, VA

January 13, 2023
Brandon Ivey
A proposal to streamline servicing and claim requirements for FHA mortgages is in the works, along with expanded loss-mitigation options for VA servicers. VA also plans to issue a final rule on cash-out refis.
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Around the Industry

January 13, 2023
Brandon Ivey
Outlook for Wells’ participation in FHA market unclear; Biden signs legislation to improve VA appraisals; MBA calls for higher fee on mortgage assumptions; VA revises forms; FHA hosting webinar on quality assurance; Rural Housing Service updates program guidelines.
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Low-Cash Nonbanks Less Likely to Aid COVID-Era Forbearance

October 28, 2022
Monica Hogan
Cash-strapped nonbank servicers were less likely than banks to help borrowers through pandemic-era mortgage relief, according to a new Federal Reserve report on the CARES Act forbearance program.
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FHA Opens RFI on Small Mortgage Loan Originations

October 14, 2022
Monica Hogan
FHA is seeking comments through Dec. 5 on its request for information on barriers to small mortgage lending.
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HUD Outlines Florida Disaster Assistance Programs

October 14, 2022
Monica Hogan
The Department of Housing and Urban Development has issued a 90-day moratorium on foreclosures of FHA mortgages, among other measures.
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