The changes are meant to better align the program with other federal housing programs and adhere to legislative updates.

The rule, effective March 4, makes some existing manufactured homes eligible for Rural Housing Service financing.

Scott Turner’s nomination hearing scheduled for next week; FHA updates draft mortgagee letter on partial claim document recording and payoff statements; Fannie Mae updates Desktop Underwriter in support of FHA and VA loan limit changes; FHA adopts Uniform Residential Loan Application for Title I loan programs; the Mortgage Bankers Association provides feedback on proposed updates to Title I manufactured housing program; FHA outlines changes on multifamily loan underwriting thresholds.

The agency had never published its method of identifying servicing defects before.

Gift funds from family accounted for more than half of DPA used by FHA borrowers in FY 2024.

Nearly 40% of FHA purchase mortgages originated in fiscal year 2024 included downpayment assistance.

ICE: The average rate-and-term refinancer had their previous mortgage for just 15 months prior to refinancing...

The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.

HUD said its current rule adversely impacts the availability of affordable homes for sale.

More than a third of this year’s VA rate-and-term refinances were originated with loan-to-value ratios above 100%, according to ICE.