Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.
FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.
The spending bill would direct $300 million for HUD information technology systems, including those that support FHA mortgage insurance programs and grant programs.
Rocket Mortgage recently completed its one millionth e-closing transaction, an executive with the lender said last month during a Ginnie Mae podcast on digital collateral in the government mortgage market.
FHA extended forbearance by another six months on recent additions to the recovery program and proposed a 40-year loan modification as a loss-mitigation option.