The House last week passed the Guard and Reserve GI Bill Parity Act, which would raise fees for VA home loans to help fund expanded educational assistance for servicemembers.
FHA Catalyst activates new mortgagee administrator role; VA increasing aggregate loan guarantee funding for specially adapted housing; Ginnie Mae to adopt blockchain technology; VA to hike fines for lenders that make false loan guarantee certifications.
The Consumer Financial Protection Bureau and the Department of Justice last month warned they will monitor VA loan servicers for signs of illegal foreclosures.
FHA must address its servicers’ inadequate implementation of COVID-19-related mortgage payment relief, a multistate coalition told the agency late last month.
FHA extends deadline for feedback on HECMs; FHA revises effective dates for the transition to its Catalyst default monitoring system; VA extends its assisted appraisal processing program; Fannie Mae Desktop Underwriter for government loans to undergo system changes this month; Ginnie to host listening session; Mid America Mortgage secures a gestation repo line; policy changes at FHFA could boost competition between GSE and FHA lenders.
The Bipartisan Policy Center and the Urban Institute this month called on local, state and federal policymakers to help address the critically short supply of housing, especially affordable housing.
Industry stakeholders want mortgage lenders, real estate agents and Congress to work with the Department of Veterans Affairs to enhance the VA home loan program.
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