Ginnie Mae is modifying its master subservicer system; VA Loan Guaranty Service launches toolkit for real estate professionals; FHA places 90-day foreclosure moratorium on Virginia homes affected by flooding and winter storms.

Vehicle retailer AutoNation has so far focused on nonprime borrowers.

The House Veterans’ Affairs Committee marked up a bill to establish a partial claims program as the last-resort home retention option for borrowers with VA-backed loans.

Sen. Thom Tillis, R-NC, said little has materialized after decades of discussion of disaster mitigation.

Ginnie MBS investors continue to have concerns about mortgages with permanent buydowns.

Guidance provided by VA in late April regarding the end of VASP lacked details on how to address timely applications that needed corrections after the deadline.

The agency moved to limit the volume of mortgages with buydowns flowing into its MBS program. The restrictions apply only to temporary buydowns, which are less concerning to investors than mortgages with a permanent buydown.

The budget for 2026 proposes cuts to HUD, and handing over responsibility for affordable housing and rental assistance programs to states.

The bill would require communities that have experienced repeat flooding to administer disaster mitigation plans in order for residents to stay eligible for NFIP and for relief from FEMA.

Removal activity had increased in each of the previous four quarters.