USDA

Around the Industry

bivey@imfpubs.com — Fri, 07 Mar 2025 14:33:14 -0500

FHA extends foreclosure moratorium tied to LA wildfires; HUD rescinds Affirmatively Furthering Fair Housing rule; CSBS seeks Ginnie servicing reforms; RHS delays servicing changes; Rate offers complimentary, temporary insurance for first responders; bill in Senate would speed mortgage processing at Bureau of Indian Affairs.

Confusion Following Trump’s Attempted Funding Pause

bivey@imfpubs.com — Fri, 07 Feb 2025 11:55:26 -0500

The pause was ultimately rescinded following court injunctions. In the meantime, participants in government-insured mortgage programs faced uncertainty.

Around the Industry

bivey@imfpubs.com — Fri, 07 Feb 2025 11:49:37 -0500

VA sets return-to-office requirements for employees; Indecomm adds FHA underwriting; RHS interest rates increase; number of downpayment assistance programs grows.

RHS Issues Final Rule With Updates to MRA Process

mhogan@imfpubs.com — Fri, 16 Aug 2024 14:29:46 -0400

Mortgage servicers will be able to offer the mortgage recovery advance option as a standalone feature or as part of a 30- or 40-year loan modification, the Rural Housing Service said.

‘Gateway Communities’ Face Housing Challenges

mhogan@imfpubs.com — Fri, 24 Feb 2023 13:52:20 -0500

The USDA’s Section 502 loan program could be the answer to the affordable housing crisis in towns near tourist attractions.

RHS Proposes Revising Partial Claims Rules for NPLs

mhogan@imfpubs.com — Fri, 10 Feb 2023 13:33:09 -0500

The new proposal from USDA’s Rural Housing Service would eliminate the need for a second lien in new servicing options for non-performing home loans.

Around the Industry

bivey@imfpubs.com — Fri, 27 Jan 2023 11:21:39 -0500

Looser pooling requirements for delivering reperforming loans to Ginnie; FHA revises policy handbook; FHA updates instructions for use of GSE model forms; FHA hiring; VA revises various forms; VA offers loan review API; CHLA calls for permanent PTAP; RHS proposes loosening loss-mitigation standards.

Spending Bill Boosts Housing-Related Funding for 2023

dhollier@imfpubs.com — Fri, 13 Jan 2023 14:47:42 -0500

A last-minute budget deal resulted in funding increases for many HUD housing-related programs.

Around the Industry

bivey@imfpubs.com — Fri, 13 Jan 2023 14:44:45 -0500

Outlook for Wells’ participation in FHA market unclear; Biden signs legislation to improve VA appraisals; MBA calls for higher fee on mortgage assumptions; VA revises forms; FHA hosting webinar on quality assurance; Rural Housing Service updates program guidelines.

HUD Outlines Florida Disaster Assistance Programs

mhogan@imfpubs.com — Fri, 14 Oct 2022 14:36:43 -0400

The Department of Housing and Urban Development has issued a 90-day moratorium on foreclosures of FHA mortgages, among other measures.

Industry Seeks Increased Funding for Rural Housing

mhogan@imfpubs.com — Fri, 30 Sep 2022 14:06:02 -0400

At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

USDA, Habitat Discuss Rural Affordability Challenges

mhogan@imfpubs.com — Fri, 22 Jul 2022 15:01:52 -0400

Habitat for Humanity CEO Jonathan Reckford called on the group’s affiliates and other nonprofits to make new efforts to partner with USDA to improve homeownership in rural areas.

USDA Helps Reduce Costs for Homebuyers

mhogan@imfpubs.com — Fri, 08 Jul 2022 14:01:22 -0400

The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.

Biden Proposes Boosting HUD’s Budget for FY 2023

mhogan@imfpubs.com — Fri, 01 Apr 2022 11:30:24 -0400

Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.

USDA Loan Issuance Up in 2021, Down in Q4

mhogan@imfpubs.com — Fri, 01 Apr 2022 11:27:28 -0400

Issuance of Ginnie MBS with USDA home loans increased by 3.8% last year compared to 2020 figures, with $25.78 billion in volume. (Includes two data charts.)

New Omnibus Spending Bill Increases HUD’s Budget

mhogan@imfpubs.com — Fri, 18 Mar 2022 14:59:34 -0400

The Consolidated Appropriations Act of 2022 includes $53.7 billion for the Department of Housing and Urban Development.

USDA Offering Loans for Off-Farm Labor Housing

mhogan@imfpubs.com — Fri, 18 Mar 2022 14:52:40 -0400

The Department of Agriculture’s Rural Housing Service is taking pre-applications for loans and grants to improve off-farm labor housing.

RHS Adopts Multifamily Rental Assistance Program

mhogan@imfpubs.com — Fri, 04 Mar 2022 13:03:20 -0500

The Rural Housing Service finalized rules overseeing a rental assistance program, as well as a new fee structure, for its multi-family housing direct loans and grants programs.

USDA Mandates Use of Automated Underwriting Technology

mhogan@imfpubs.com — Fri, 18 Feb 2022 14:40:07 -0500

Starting May 9, lenders in the Rural Housing Service’s single-family loan program must use designated technologies.

House’s Build Back Better Bill Keeps Home Loan Programs

mhogan@imfpubs.com — Fri, 03 Dec 2021 15:58:00 -0500

The latest version of the Biden administration’s Build Back Better agenda retained several key programs intended to support homeownership.

FHA, VA Loans Could Share in $10 Billion DPA Program

mhogan@imfpubs.com — Fri, 05 Nov 2021 15:20:00 -0400

First-time homebuyers seeking loans backed by FHA, VA or the Rural Housing Service are among those eligible for the DPA program under the Build Back Better Act.

FHA, Ginnie Mae to Play Key Roles in HUD’s Climate Plan

mhogan@imfpubs.com — Fri, 22 Oct 2021 13:47:00 -0400

While FHA plans to provide low-cost financing for borrowers mitigating climate hazard, Ginnie said it will consider backing housing programs with environmental, social and governance innovations.

House Discusses Assistance for First-Generation Homebuyers

news@imfpubs.com — Fri, 26 Mar 2021 15:30:00 -0400

A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.

Around the Industry

news@imfpubs.com — Fri, 06 Mar 2020 13:00:00 -0500

USDA Policy Tweak Puts MF Rehab Loans in Jeopardy

news@imfpubs.com — Fri, 21 Feb 2020 13:00:00 -0500

Thousands of rural multifamily rehabilitation loans have become ineligible for a Ginnie guarantee due to USDA’s reformed interpretation of its subordinate-lien policy.

UI: Government Agencies Must Treat Student-Loan Debt Equally

news@imfpubs.com — Fri, 24 Jan 2020 14:45:00 -0500

An Urban Institute study has called for uniformity among Fannie, Freddie, FHA, VA and USDA when considering student-loan debt in mortgage underwriting.

RHS Finalizes Draft Rule on USDA Loss-Claim Process

news@imfpubs.com — Fri, 10 Jan 2020 09:30:00 -0500

The U.S. Department of Agriculture’s Rural Housing Service finalizes a rule designed to streamline the loss-claim process under its single-family housing guaranteed loan program for lenders that have acquired real estate-owned property through voluntary liquidation or foreclosure.

USDA Seeks to Improve Direct Home Loan Program

news@imfpubs.com — Fri, 06 Dec 2019 10:45:00 -0500

Proposed changes to the Section 502 Direct Home Loan and Grant Program would improve flexibility and make the DHLGP accessible to more low- and very-low-income rural borrowers.

USDA Notifies Lenders of Two-Week Delay in Loan Funding

news@imfpubs.com — Fri, 11 Oct 2019 12:18:00 -0400

USDA Rural Development announced a two-week delay in funding for the Single-Family Housing Guaranteed Loan program in fiscal 2020.

Around the Industry

Fri, 30 Aug 2019 01:31:00 -0400