FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1.

Almost one year into the Biden administration, both FHA and Ginnie Mae are waiting for the Senate to approve leaders.

The latest version of the Biden administration’s Build Back Better agenda retained several key programs intended to support homeownership.

While lenders contend lower FHA insurance premiums will help attract more borrowers, FHA wants to protect the resiliency of its program. (Includes data chart.)

FHA plans to take a multiprong approach to expanding homeownership among underserved communities as a way to address the racial wealth gap.

FHA is seeking feedback on a proposed section on servicing reviews within its defect taxonomy guidelines.

The mortgage industry is applauding the passage of a False Claims Act amendment that would address language in a previous version that could have led to unintended consequences for FHA and VA lenders.

FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.

Still, very few homeowners age 62 and above have accessed their home equity since the 2008 housing bust.

FHA/VA loans in COVID-19-related forbearance continue to drop; VA updates eligibility rules on specially adapted housing grants; HUD plans a fair housing event; Ginnie non-agency early buyout securitization planned; VA to host advisory committee meeting on homeless veterans.