The House and Senate passed separate bills over the summer containing funding for the Department of Housing and Urban Development for the next fiscal year.

New FHA loan applications and endorsements have been declining steadily since hitting peaks in late 2020, and cash-out refinances make up a growing share of the market.

Speaking at a Housing Finance Strategies event this week, FHA Commissioner Julia Gordon said she wants to improve the way the agency interacts with lenders and servicers.

The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.

The Mortgage Bankers Association has recommended changes to FHA’s plans to modify the 203(k) Rehabilitation Mortgage Insurance Program.

Following a boom in buyout activity of FHA and VA loans from Ginnie Mae pools in the first 18 months of the COVID-19 pandemic, loan removals continue to decline. (Includes data chart.)

Private mortgage insurance companies are raising premiums on a targeted basis, in part so they can better manage risk in an increasingly volatile economy.

Commissioner Julia Gordon assured industry participants that she is working through the challenges of bringing changes to the FHA home loan program.

If FHA wants to consider the sustainability of manufactured housing, it must work on how personal-property units fit within a manufactured housing community, said FHA Commissioner Julia Gordon.

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