FHA has rescinded a pair of policies enacted in 2022 that were meant to give owner-occupants an upper hand in foreclosure sales over institutional investors.

The steep property insurance and tax bills driving the rise in FHA late rates are not likely to come down anytime soon, meaning delinquencies will likely stay up too.

Sens. Ruben Gallego, D-AZ, and Dave McCormick, R-PA, this week introduced legislation that would sharply increase FHA multifamily loan limits.

The Mortgage Bankers Association urged the Department of Housing and Urban Development to scrap regulatory requirements for multifamily housing under the National Environmental Policy Act, along with other environmental and zoning restrictions.

FHA upgrades FHA Connection system to guard against cyberattacks; HUD to revise legal instructions for lenders to obtain full insurance benefits; White House proposes eliminating single-family housing direct loans under the USDA’s Rural Development program.

Recent changes in FHA’s loss-mitigation waterfall will probably mean fewer loan modifications enter Ginnie Mae’s Extended Term MBS, Goldman Sachs said in a recent report.

Although more lenders than ever are turning to automation and artificial intelligence, most see costs as the biggest barrier to the adoption of digital services, according to a survey by Stratmor Group.

Edge Focus issued a $150 million unrated ABS backed by personal loans. The company plans further ABS issuance as part of its loan purchasing strategy.

The Community Home Lenders of America urged members of Congress not to approve fee increases for GSE and government-backed loans in the 2025 fiscal year budget.

“Conventional delinquencies remain near historical lows, but FHA and VA delinquencies are increasing at a faster pace,” MBA noted.