The extension applies to loans that were current or less than 30 days past due as of March 1 and go into default before Nov. 30.

Beginning Sept. 1, FHA lenders can submit appraisal reports and updates for FHA Single-Family Title II forward mortgages on the platform.

Thanks to strong cash prices paid by FHA/VA aggregators, fewer mortgage firms are seeking their Ginnie “eagles.”

Soon after the government’s fiscal year ends on Sept. 30, the annual audit of the FHA’s MMIF will be published. Should HUD be worried?

In a 57-to-40 vote, the Senate confirmed Trump nominee Dana Wade as FHA commissioner. She replaces Brian Montgomery.

At the end of June, 14.07% of FHA loans in Ginnie Mae pools were delinquent, nearly double from 7.57% in March.

One option places past-due mortgage amounts in separate junior liens of up to 30% of the outstanding. The lien is repayable when the mortgage ends, which is usually when a borrower refinances or sells their home.

If HUD implements its proposed final disparate impact rule, exceeding its authority, it could be a challenged under the Administrative Procedure Act, according to an industry attorney.

FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.

The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.