Thousands of rural multifamily rehabilitation loans have become ineligible for a Ginnie guarantee due to USDA’s reformed interpretation of its subordinate-lien policy.
An Urban Institute study has called for uniformity among Fannie, Freddie, FHA, VA and USDA when considering student-loan debt in mortgage underwriting.
The U.S. Department of Agriculture’s Rural Housing Service finalizes a rule designed to streamline the loss-claim process under its single-family housing guaranteed loan program for lenders that have acquired real estate-owned property through voluntary liquidation or foreclosure.
Proposed changes to the Section 502 Direct Home Loan and Grant Program would improve flexibility and make the DHLGP accessible to more low- and very-low-income rural borrowers.
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