Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.
FHA will ensure appraisers have clear guidance on their antidiscrimination obligations under current laws, improve the processes for homeowners to seek revaluation and expand data sharing among agencies, among other plans.
The mortgage industry is once again clamoring for FHA to cut its mortgage insurance premiums or to at least offer clarity on its plans to address its overcapitalized Mutual Mortgage Insurance Fund.
FHA loans can make homebuyers less competitive in a tight housing market, according to a report from the National Association of Hispanic Real Estate Professionals.
Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
RSS