Mortgage lenders are pushing back on enforcement actions against servicer convenience fees for optional expedited payment services.

The proposal is meant to address liquidity challenges servicers face from tax and insurance advances in an elevated interest rate environment.

The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.

The Mortgage Bankers Association called on Ginnie Mae to create a new securitization program for early-buyout loans.

The trade group wants clarification on FHA’s plan to allow rental income from boarders in a primary residence to inform underwriting.

Industry braces for shutdown; CHLA wants FHA, Ginnie budgets increased.

The final rule will allow lenders to disburse up to 1% of FHA-endorsed multifamily construction loan proceeds before borrower-provided funds are fully exhausted.

FHA is considering reimbursing servicers for tax and insurance advances earlier in the default process.

The Arkansas Republican is a former banker who served as deputy assistant secretary of the Treasury in the George H.W. Bush administration.

The Mortgage Bankers Association noted some notices of violation sent by HUD’s Mortgagee Review Board seek civil monetary penalties for violations of the National Housing Act, and others mention other administrative actions.