Rising usage of FHA partial claims raised flags for American Enterprise Institute Senior Fellow Tobias Peter amid an ongoing audit of FHA’s efficiency at tracking and collecting the claims.
CHLA called on Congress and federal agencies to work together to correct “budgetary anomalies” that cause certain lending programs to be frozen during shutdowns.
Lender Navy Federal Credit Union surveyed servicemembers and veterans, finding many aren’t aware of the main benefits of home loans backed by the Department of Veterans Affairs.
Borrower payoffs continued to make up the bulk of removals from Ginnie MBS. But the increase in third-quarter volume was led by FHA loan removals for delinquencies and foreclosures. (Includes two data tables.)
FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee this week, relying on stock language or otherwise sidestepping in their responses.
Developers planning to apply for FHA financing for multifamily units have to wait until Congress reaches an agreement to fund the government, prompting an application backlog.
The Mortgage Bankers Association and the National Reverse Mortgage Lenders Association requested that Google modify its rules to permit advertising FHA home equity conversion mortgages to seniors.