CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.

The increase was driven by refinances, particularly VA refis.

Some 0.22% of mortgage borrowers were in forbearance as of the end of February.

FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.

Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.

The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.

Combined, FHA and VA lending declined by 17.7% in the fourth quarter.

Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.

“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying,” said Sam Khater, chief economist at Freddie Mac.

Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.