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Around the Industry

October 22, 2021
Monica Hogan
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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VA and Ginnie Embrace Tech Modernization, MISMO Standards

October 8, 2021
Monica Hogan
Officials from VA and Ginnie Mae detail plans to modernize technology systems to better serve borrowers, investors and regulators.
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Around the Industry

October 8, 2021
Monica Hogan
HUD releases climate adoption and resilience plan; FHA seeks feedback on HECM-related changes to its single-family housing policy handbook; HUD awards loan servicing contract; FHA is hiring.
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House Subcommittee Pulls Bill to Remove VA Loan Limit

September 24, 2021
Monica Hogan
The House Committee on Veterans’ Affairs removed from a hearing agenda a draft bill that would have allowed veterans two concurrent uses of a VA guarantee entitlement.
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House Committee Marks Up Infrastructure Bill

September 24, 2021
Monica Hogan
The House Committee on Financial Services last week marked up legislation that would devote $322 billion in funding to affordable housing, including for a pilot program to expand small-dollar lending options for homes that cost up to $100,000.
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FHA, VA, Ginnie Officials Look Forward

September 24, 2021
Monica Hogan
During a recent conference, officials from government agencies spoke about their responses to the COVID-19 pandemic and the top challenges facing them next year.
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CBO Estimates $268B in 2022 VA Loan Guarantees

September 24, 2021
Monica Hogan
The Congressional Budget Office estimate compares to a record 2020 that saw VA guarantees total more than $375 billion.
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VA Lenders Stress Quick Closings of Purchase Loans

August 27, 2021
Monica Hogan
A continuing shortage of housing inventory makes it more important than ever that sellers and real estate agents understand how quickly VA loans can close. At least, that’s what VA lenders believe.
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D&O Insurance to Cover Guaranteed Rate’s FCA Costs

August 27, 2021
Monica Hogan
A Delaware Superior Court ruled that ACE American Insurance Co. must advance nearly $18 million to Guaranteed Rate on a claim the lender filed for defense costs related to allegations it violated the False Claims Act.
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VA Updates COVID-19 Loss-Mitigation Options

July 30, 2021
Monica Hogan
Servicers of VA mortgages can offer veterans a new COVID-19 refund modification to help reduce monthly payments as they exit forbearance plans.
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