Gift funds from family accounted for more than half of DPA used by FHA borrowers in FY 2024.

Nearly 40% of FHA purchase mortgages originated in fiscal year 2024 included downpayment assistance.

The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.

Among a large group of FHA/VA lenders, the broker channel accounted for 24.8% of government-insured originations in the third quarter. UWM and PennyMac sharply increased their broker volume in the quarter. (Includes data table.)

HUD said its current rule adversely impacts the availability of affordable homes for sale.

Mortgage lenders are pushing back on enforcement actions against servicer convenience fees for optional expedited payment services.

The proposal is meant to address liquidity challenges servicers face from tax and insurance advances in an elevated interest rate environment.

The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.

The trade group wants clarification on FHA’s plan to allow rental income from boarders in a primary residence to inform underwriting.

Industry braces for shutdown; CHLA wants FHA, Ginnie budgets increased.