Results were mixed in a Department of Housing and Urban Development study on the impact of pre-purchase counseling for first-time homebuyers.

The new provisions apply to both FHA’s single-family home Title II and its home equity conversion mortgage programs.

Habitat for Humanity CEO Jonathan Reckford called on the group’s affiliates and other nonprofits to make new efforts to partner with USDA to improve homeownership in rural areas.

FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.

The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.

Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.

The Mortgage Bankers Association said its members support the 40-year loan term as an additional loss-mitigation option, and not the only option.

Pressure continues to mount on the Department of Housing and Urban Development to announce a decision on cutting FHA mortgage insurance premiums.

USDA Under Secretary for Rural Development Xochitl Torres Small testified this week about the shortages of affordable multifamily rental units and single-family homes for sale in rural areas.

FHA is planning significant reductions to both the upfront and annual mortgage insurance premiums for most Section 232 program mortgages of green residential care facilities.