Outlook for Wells’ participation in FHA market unclear; Biden signs legislation to improve VA appraisals; MBA calls for higher fee on mortgage assumptions; VA revises forms; FHA hosting webinar on quality assurance; Rural Housing Service updates program guidelines.

A VA Native American Direct Loan offers the same benefits as one from the VA home loan guaranty program but with no private lender in the middle, said John Bell of the VA Loan Guaranty Service.

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.)

The House Committee on Veterans Affairs has marked up 18 bills to support veterans, among them one would improve the appraisal process under the VA home loan program.

The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.

Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.

The government home loan programs from FHA, VA and USDA still have work to do in their efforts to upgrade mortgage technology.

A recently introduced bill, the Improving Access to the VA Home Loan Act, would direct VA to update regulations on home appraisals.

The government housing agencies have updated their frequently-asked-questions pages to assist servicers handling borrowers whose applications for relief under the Homeowner Assistance Fund are pending.

Some 50% of active-duty servicemembers surveyed believe they can use a VA home loan only once.