FHA Catalyst claims module now enables bulk submissions of supplemental claims; USDA’s Rural Housing Service to release proposed rule updating eligibility requirements for non-citizens; Senate Banking Committee to hold hearing on flood insurance; HUD to hold meeting of its Housing Counseling Federal Advisory Committee.

Housing finance officials don’t have the tools to quantify climate risk or prepare for it, according to FHA Chief of Staff Nathan Schultz.

Lenders are using numerous tactics to originate mortgages for first-time buyers. There are also calls for FHA to drop its downpayment requirements.

The requirements were published in August 2022, providing issuers with a long lead time to gain compliance.

Former Ginnie Mae President Ted Tozer wants FHA to consider adjusting or eliminating its minimum downpayment requirement to put homeownership in the reach of more consumers.

A new white paper from the Mortgage Bankers Association underscores the financial advantages of originators and servicers that focus on loans with a higher average loan balance.

Ginnie Mae eligibility requirements issued a year ago are largely set to take effect at the end of the month. Most issuers are in compliance with the standards, according to the agency.

The CFPB examined direct mail ads for reverse mortgages.

Mortgage lenders and consumer advocates are increasing their requests to have the National Flood Insurance Program reauthorized.

Consumer advocates, trade groups and federal agencies are urging banks to help close the racial wealth and homeownership gaps by committing to launch more special purpose credit programs.