Federal oversight is still needed to monitor the systemic risks to the housing-finance system, according to two separate reports from the Government Accountability Office and the Congressional Budget Office.

FHA must address its servicers’ inadequate implementation of COVID-19-related mortgage payment relief, a multistate coalition told the agency late last month.

The National Association of Mortgage Brokers is seeking legislation that would prohibit credit reporting agencies from selling trigger leads.

FHA extends deadline for feedback on HECMs; FHA revises effective dates for the transition to its Catalyst default monitoring system; VA extends its assisted appraisal processing program; Fannie Mae Desktop Underwriter for government loans to undergo system changes this month; Ginnie to host listening session; Mid America Mortgage secures a gestation repo line; policy changes at FHFA could boost competition between GSE and FHA lenders.

A rule allowing borrowers to purchase private flood insurance can be expected in February, according to HUD’s recently released agenda.

The Mortgage Bankers Association has sent 39 proposed origination-focused revisions for FHA’s single-family policy handbook.

In comments due last week, industry and consumer groups sought clarity on the transition from LIBOR for adjustable-rate mortgages.

FHA mortgage lenders and servicers shared their concerns with the agency’s single-family housing quality assurance team this week.

Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.

FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1.