Ginnie Mae is hoping to have the case moved from a district court in Amarillo, TX, to the Dallas division.

The Treasury Department announced $100 million in affordable housing funding, while HUD named recipients of its Pathways to Removing Obstacles to Housing grant competition.

John Bell, executive director of the VA Home Loan Guaranty Service, said the agency doesn’t support the partial claims bill without amendments.

The grants are intended to help increase housing supply for renters and homeowners.

The FHA plans to continue to assess its life-of-loan mortgage insurance premium but will consider making changes to the policy in the future.

HECM lending hasn't been this low since before the COVID-19 pandemic...

Production of FHA reverse mortgages declined 11.4% from the fourth quarter to the first. Industry watchers are calling for reforms to increase program uptake. (Includes three data tables.)

VA said lenders cannot include the buyer-broker compensation in the loan amount but must consider it in determining whether the borrower has sufficient liquid assets to close the loan.

FHA Commissioner Julia Gordon said from a budgetary modeling standpoint, it would be expensive to cancel insurance premiums while FHA is still insuring the loan.

H.R. 8647 would establish a partial claim program, which would bring the VA program on par with FHA, Fannie Mae and Freddie Mac.