According to GAO, HUD is not able to fully identify what sensitive information is shared, stored and processed with external entities.

Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.

HFSC Chair Maxine Waters rebuked FHA and FHFA for policies she said would unfairly penalize those lending to minority borrowers.

The powerful trade group urged FHA not to increase insurance premiums in order to address risks related to COVID-19 forbearance.

President Trump confirmed industry rumors by announcing his intent to nominate Dana Wade as FHA commissioner and assistant secretary for housing.

HUD sought no changes in its funding request for FHA and Ginnie but has called for legislative reforms, and will seek them through the authorization, rather than the appropriations, process.

HUD inspector general was unable to sign off on HUD’s and Ginnie Mae’s 2019 financial statements due to a lack of evidence that past accounting weaknesses and issues have been satisfactorily resolved.

An IG audit has discovered delays in servicer reporting of FHA-HAMP loan modifications and filing of partial claims, resulting in HUD’s inability to act on problems in a timely manner.

HUD seeks condominium-related data collection approval from OMB; Ginnie plans revision of file layout for HMBS pool-level disclosures; automated set-up of electronic funds transfer accounts.