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

During her confirmation hearing, the Ohio congresswomen faced strong criticism for her lack of experience in housing policy and past comments about Republicans.

One of the objectives of the REO program is to strengthen neighborhoods and communities through alternative sales programs. However, the FHA “lacks metrics and targets” to successfully do so, the Government Accountability Office said in a recent report.

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.

The general consensus among private mortgage insurers is that a potential cut to FHA mortgage insurance premiums will have little impact on their business.

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.

According to Black Knight, an uptick in forbearance requests has pushed the total number of borrowers in relief back above the 2.7 million mark.

Susquehanna International Group dismissed the private MI industry’s concerns over a potential FHA cut as “unwarranted” and not aligned “with the underlying math.”

The U.S. District Court of Chicago indicted four individuals for participating in a fraud scheme to obtain mortgage loans totaling at least $3 million.