In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s.

The NCLC has urged HUD to extend the moratorium for reverse-mortgage borrowers by another six months.

The window for applying for most of these jobs is a little more than a week.

The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days.

HUD’s Office of the Inspector General will evaluate how the department hires new employees and in what timeframe.

Home Equity Conversion Mortgage endorsements dropped last year despite a strong fourth quarter. American Advisors Group retained its top position among HECM lenders. (Includes two data charts.)

FHA endorsements in the fourth quarter of 2019 were the highest in years. Most of the increase was in the refinancing business led by the lower interest rate environment.

President Trump confirmed industry rumors by announcing his intent to nominate Dana Wade as FHA commissioner and assistant secretary for housing.

The Justice Department sees no need to issue additional guidance on defective FHA loans. The agency believes the actions undertaken so far will encourage depository institutions’ participation in the FHA program.

Community mortgage lenders are asking FHA to drop its life-of-loan premium policy that requires borrowers to pay annual mortgage insurance premium until their loan is fully paid.