The Mortgage Bankers Association and the Housing Policy Council have asked the VA to allow for a comment period before it finalizes a new veterans assistance servicing purchase program.
The Mortgage Bankers Association wants the Departments of Agriculture and Housing and Urban Development to consider the cost implications of their proposal on new energy standards for the construction of multifamily properties.
VA stopped accepting new applications for its temporary COVID-19 partial claim payment program last October. A new circular updates the servicer waterfall to reflect current home retention options.
The Department of Housing and Urban Development and the National Association of Real Estate Brokers are partnering to help address appraisal bias through professional training and consumer education.
The delinquency rates on FHA and VA loans decline; USDA revises areas that no longer qualify as “rural” under its single-family housing program; FHA has released updates to its single-family housing policy handbook.
Ginnie Mae President Alanna McCargo detailed an effort to establish a credit facility for nonbanks and plans to expand the pool of contributors to Ginnie MBS.