Changes in the housing market and economic outlook could impact how FHA officials consider whether, when and how to make changes to FHA’s mortgage insurance premium.
The Senate last week approved $70 billion in budgetary resources for the Department of Housing and Urban Development as part of its fiscal 2023 appropriations package.
HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.
RHS proposes rule for use of automated underwriting and closing systems; Ginnie revises capital requirements for certain entities; VA clarifies new procedures for alternative valuation; USDA announces toll-free lender line; VA report on home loan program; FHA working to promote energy-saving products in home rehabilitations.
The Department of Housing and Urban Development is bolstering efforts to expand and support secondary market access for community development financial institutions through Ginnie Mae.
The former FHFA director said, given the Federal Reserve’s commitment to fight inflation, home prices could fall by double digits in percentage terms over the next few years.
Though two prominent nonbank lenders shuttered recently as the refi business slows, there are currently few concerns about the potential for widespread failures of nonbanks.