Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.

Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.

Biden’s proposed tax credit of $15,000 will be automatically distributed to homebuyers when they make a purchase, according to the administration.

FHA Commissioner Dana Wade said this was the first time there have been no material weaknesses or significant deficiencies identified with its financial statements.

FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)

FHA delinquency rates went down 6 basis points to 15.59%, a Mortgage Bankers Association survey found. Though worth noting: FHA loans in the seriously delinquent category (90-days past due) reached a survey-high of 10.76%.

Under the Trump administration, many lenders received letters from HUD stipulating that DACA recipients are not eligible for FHA loans.

The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.

The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.

Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ.