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 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.
While lenders contend lower FHA insurance premiums will help attract more borrowers, FHA wants to protect the resiliency of its program. (Includes data chart.)
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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