A change in how the FHA assesses student loan debt has created a bigger pool of borrowers who can now qualify for a mortgage.

The Department of Housing and Urban Development, VA, and the U.S. Department of Agriculture are expected to reveal additional plans in July, offering new payment reduction options designed to allow more homeowners to stay in their homes.

The FHA will propose a number of new rules through the second half of 2021, including changes to servicing and claim requirements for government-backed loans.

FHA lenders funded $5.3 billion of new HECMs during the first three months of 2021, up a hefty 37.4% from the same period a year ago. (Includes two data charts.)

Both the eviction and foreclosure moratoriums are set to expire June 30. However, industry insiders expect extensions through the end of the year.

According to CBC Mortgage Agency, Sen. Pat Toomey, R-PA, has been creating “unnecessary confusion” by drawing inaccurate comparisons between seller-funded downpayment assistance and government-provided DPA.

The Rural Housing Service plans to amend the minimum adjusted net worth for non-supervised lenders and ease documentation requirements for supervised shops, among other changes.

Todman was unanimously confirmed by a voice vote in the Senate last week.

Mid America Mortgage has completed its first eNote transaction under the Ginnie Mae digital collateral program.

Brian Montgomery rejoins Radian Group as a director; FHA tweaks its calculation for student debt; HUD ponders changes to loss-mitigation options.