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Agency Administration
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Gordon Moves Forward in Senate Confirmation Process

April 15, 2022
Monica Hogan
Julia Gordon is on track to be confirmed after the Senate last week voted 51-50, with VP Harris casting the tiebreaker, to enable consideration of her nomination as FHA commissioner on the Senate floor.
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FHA Shuts Down Loan Review System to Troubleshoot

April 15, 2022
Monica Hogan
FHA this week temporarily shut down its Loan Review System after users reported intermittent document errors over the past several weeks.
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Around the Industry

April 15, 2022
Monica Hogan
FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.
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FHA Outlines Its Role in Appraisal Bias Task Force

April 1, 2022
Monica Hogan
FHA will ensure appraisers have clear guidance on their antidiscrimination obligations under current laws, improve the processes for homeowners to seek revaluation and expand data sharing among agencies, among other plans.
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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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HUD OIG Warns Borrowers of Loan-Modification Scams

March 18, 2022
Monica Hogan
Homeowners should be wary of “too good to be true” schemes involving loan modifications and foreclosure rescues, the HUD’s internal watchdog warned.
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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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New FHA Portal Gives Real-Time Loan Payoff Info

March 4, 2022
Monica Hogan
FHA has introduced a new self-service portal, dubbed the SMART Integrated Portal, to make it easier for borrowers to get payoff information on their loans.
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Around the Industry

March 4, 2022
Monica Hogan
VA extends forbearance; FHA-insured loan for affordable multifamily housing closes; Ginnie Mae to host listening session; Farmer Mac posts strong results.
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HUD OIG Releases Strategic Plan Targeting Fraud, More

February 18, 2022
Monica Hogan
The HUD watchdog plans to concentrate its oversight on high-risk and mission-critical areas, as well as emergency issues.
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