Claudia Merkle, CEO of National MI, said FHA and MI businesses operate on different points of the risk spectrum and, therefore, a cut in MIP will not result in massive ramifications for the MI industry.

The general consensus among private mortgage insurers is that a potential cut to FHA mortgage insurance premiums will have little impact on their business.

If HUD moves to preserve the 2013 disparate-impact rule, the National Association of Mutual Insurance Companies said it will likely continue its legal challenge.

The new timeline moves the moratorium’s expiration deadline, as well as the timeframe for a borrower to request an initial COVID-19 forbearance by three months to June 30.

Mortgage trade groups called on the FHA to align its policy language with other federal regulations that govern private flood coverage.

A district court in New York concluded that government-insured mortgages cannot be discharged as time-barred.

According to Black Knight, an uptick in forbearance requests has pushed the total number of borrowers in relief back above the 2.7 million mark.

FHA extends temporary measures; Lopa Kolluri appointed principal deputy assistant secretary for housing at FHA.

Several trade groups are urging the FHA to adopt identical compliance aid language used in other federal agency regulations when allowing private flood coverage as an option for single-family insured loans.

In a highly digitized business environment, fraud and cybersecurity risk are increasingly becoming a cause of concern for mortgage lenders.