The Homebuyers Assistance Act of 2021 amends the National Housing Act to allow state-licensed professionals to conduct appraisals for FHA-insured properties.
Two separate bills aim to improve the mortgage process for borrowers who have a limited proficiency of English and to combat discrimination in the consumer marketplace.
Gate House Strategies, which features former FHA Commissioner Brian Montgomery as one of its founding members, will focus on FHA/Ginnie Mae/HUD and Fannie Mae/Freddie Mac policy issues. The Collingwood Group V2?
The Housing Financial Literacy Act and the Improving FHA Support for Small Dollar Mortgages Act are both aimed at making homeownership more affordable for borrowers.
The share of residential mortgages in forbearance decreased for the ninth straight week to 4.47%. Overall, 2.23 million homeowners remain in forbearance, according to the Mortgage Bankers Association.
The new HUD secretary said real estate agents also are complicit in creating the homeownership gap by undervaluing properties and not providing buyers the relevant information.
If the proposed COVID-19 partial claim payment program is implemented, veterans who use it could see a substantial rise in their monthly payment, according to industry trade groups.