The Biden administration’s fiscal year 2025 budget request allocates $72.6 billion for HUD, which is higher by about $500 million from the FY23 enacted level.

Jeffrey Weidell, CEO of Northmarq, testified before a House oversight subcommittee last month on behalf of the MBA.

Improvements to the FHA home equity conversion mortgage program will help seniors maintain housing stability and financial security in retirement, according to Urban Institute’s Amalie Zinn.

FHA plans outreach and training to lenders and appraisers on the rule’s impact.

The course will focus on issues that originators might not yet have encountered, such as how to handle a VA loan assumption.

Former Ginnie Mae President Alanna McCargo joins FHLB San Francisco; industry and consumer groups support VA supplemental rulemaking on IRRRL program; VA drafting rule on ARMs.

Farmer Mac President and CEO Brad Nordholm said he expects to see more business as lenders serving the rural market seek to manage their capital efficiencies, loan and deposit growth, and liquidity needs.

The guidelines lay out the process lenders must develop for borrowers to request an appraisal reassessment when they believe a valuation was inaccurate or biased.

As home affordability remains elusive, the housing industry is raising the profile of assumable loans.

San Diego-based Ascent and Washington, DC-based MPOWER separately began marketing their first student loan ABS in recent weeks. The firms operate online platforms and partner with banks on originations.