The increase in delinquency rates among FHA loans originated in recent years probably comes down to inflation, Urban Institute researchers said, ruling out other culprits.
The Department of Housing and Urban Development has changed the way it calculates the floor price for properties sold at foreclosure sales under its claims without conveyance of title program, but maintained that servicers must pay more than total debt owed in some instances.
The Department of Housing and Urban Development has cut the height to which builders are required to raise a bottom floor above the 100-year flood level, saving money for builders, but likely not building owners.
Industry participants responded positively to the Department of Housing and Urban Development’s proposal to set the FHA mortgage insurance premiums to 0.25% for all multifamily loans.
It took the VA seven months to implement its COVID-era partial claims program. A similar timeline can be expected for the new program recently approved by Congress.
The Department of Housing and Urban Development said increased costs would be offset by future savings, but the Mortgage Bankers Association says the numbers are flawed.
The Mortgage Bankers Association’s purchase index is a poor indicator of the health of the housing market this year, primarily because government loan applications were significantly down this time last year, according to Goldman Sachs analysts.