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Inside FHA/VA Lending

September 27, 2024

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Correspondents Regain Share Among Government Lenders

The correspondent channel’s share of government-insured lending increased in the second quarter, but it was still down on a year-to-date basis from the first half of 2023. (Includes data table.) Read More

Government Housing Officials Outline Regulatory Updates

At a conference on regulatory compliance and risk management this week, industry executives and government officials reiterated the importance of collaborating on policy to adapt to changes in the housing market. Read More

Housing Counselors Urged to Train Staff on HECMs

Housing counseling agencies should increase training on home equity conversion mortgages to accommodate the rise in older Americans who want to age in place, according to FHA Commissioner Julia Gordon. Read More

Groups Seek Tweaks to Proposal on FHA Loan Sales

In July, FHA proposed a new rule governing the sale of seriously delinquent single-family home loans when they’re no longer insured by the agency. Read More

VA Outlines Invoice Requirements for Fees and Charges

VA clarified when lenders must provide invoices itemizing fees and charges for borrowers, and updated its state fees and charges deviations list. Read More

HUD Issues Final Rule Modernizing Housing Counseling Delivery

The final rule is effective Oct. 16 and is unchanged from a proposal released by the Department of Housing and Urban Development in October 2023. Read More

FHA Drafts Guidelines for Flood-Risk Changes

The draft mortgagee letter outlines guidance on a federal flood risk management standard related to minimum property requirements for newly built residential structures in special flood hazard areas. Read More

Around the Industry

Congress passes continuing resolution to fund the federal government and the National Flood Insurance Program; Sen. Tim Scott introduces Renewing Opportunity in the American Dream to Housing Act; trade groups ask FHA to extend waiver on policy updates related to in-person meeting requirement with borrowers in default; the Department of Justice has announced a $2.4 million settlement with shuttered FHA HECM lender. Read More

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