HUD Secretary Scott Turner said the agency is evaluating every program under its umbrella, and reiterated his focus on extending the opportunity zone investment program.
FHA opened its new integration testing platform for originators and origination system vendors, with the goal of improving the efficiency of FHA loan origination and data collection.
Antiquated IT systems constrain the HUD Office of Housing Counseling’s ability to collect data and assess the outcomes of its programs. Funding for an upgrade has yet to be allocated.
Ginnie Mae gets a new leader; HUD officially starts search for new headquarters; foreclosure moratorium extended for hurricane-impacted area; USDA makes handbook changes.
FHA’s COVID-19 loss-mitigation options will be rescinded and the Trump administration is taking a close look at the payment supplement program established during the Biden administration.
Parallel bills were introduced this week in what policymakers and lenders hope will be a final bipartisan push to tighten restrictions on the abusive use of credit trigger leads.
Ginnie Mae emerged victorious in a lawsuit brought by Texas Capital Bank over an extinguished lien on collateral for Reverse Mortgage Funding’s home equity conversion mortgages. TCB plans to appeal the ruling.
Joe Gormley is rumored to be leading Ginnie Mae ahead of his potential official nomination for Ginnie president; new leadership at multifamily securitization vendor putting emphasis on decentralized finance.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.