The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.

Brian Montgomery, former HUD deputy secretary, urged the Biden administration to focus on issues such as forbearance. A pandemic is not the time for “heavy-handed enforcement,” he said.

Two bills introduced in the House this week have the potential of increasing a homebuyer’s access to an FHA-insured mortgage.

Mat Ishbia, CEO of UWM, said the wholesaler consulted internal and external counsel before making the decision and that there are no concerns. However, industry insiders think otherwise.

The American Rescue Plan provides $10 billion to help consumers catch up on mortgage payments or pay other housing-related costs. However, how the money is allocated will depend on states.

If HUD moves to preserve the 2013 disparate-impact rule, the National Association of Mutual Insurance Companies said it will likely continue its legal challenge.

The new timeline moves the moratorium’s expiration deadline, as well as the timeframe for a borrower to request an initial COVID-19 forbearance by three months to June 30.

Mortgage trade groups called on the FHA to align its policy language with other federal regulations that govern private flood coverage.

Trade groups called for quick disbursement of money allocated for renters and housing from the recently passed COVID-19 relief package.

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)