Appropriations to the FHA for administrative expenses would increase by $10 million over fiscal year 2025 funding levels under the Trump administration’s discretionary budget proposal.
FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.
The 2023 disparate-impact standard doesn’t align with the policy of the Trump administration and should be replaced by a 2020 version, the trade group said.
Officials at FHA and Ginnie Mae aren’t currently worried about steadily rising delinquency rates on government-backed loans, but they’re watching closely as FHA tightens its loss-mitigation protocols.
There’s been ongoing work at FHA to modernize its information technology systems, but now some of the upgrades will need to fill the shoes of laid-off workers.
Originations of nonconforming mortgages increased by 45.7% on an annual basis in the first quarter of 2025. Government-insured lending was up 13.5% and conventional-conforming activity treaded water. (Includes two data tables.)
Some 9.02% of purchase-mortgage applications were turned away in 2024, compared to 9.49% in the previous year, an analysis of HMDA data showed. (Includes data table.)
In response to questions from Senate Democrats, nominees for HUD positions expressed views in line with the Trump administration’s restrictions on FHA loans for non-permanent residents.