Julia Gordon, President Biden’s nominee for FHA commissioner, received a tie vote this week in the Senate Banking Committee. She was renominated for the position earlier this month.
The Consumer Financial Protection Bureau and the Department of Justice last month warned they will monitor VA loan servicers for signs of illegal foreclosures.
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.
Industry stakeholders want mortgage lenders, real estate agents and Congress to work with the Department of Veterans Affairs to enhance the VA home loan program.
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.
The mortgage industry is applauding the passage of a False Claims Act amendment that would address language in a previous version that could have led to unintended consequences for FHA and VA lenders.
FHA/VA loans in COVID-19-related forbearance continue to drop; VA updates eligibility rules on specially adapted housing grants; HUD plans a fair housing event; Ginnie non-agency early buyout securitization planned; VA to host advisory committee meeting on homeless veterans.
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