HUD Agenda Includes Proposal to Lift FHA Re-Sale Time Restrictions December 20, 2024 Monica Hogan HUD said its current rule adversely impacts the availability of affordable homes for sale.Read More
ICE Warns of Performance Risk from Recent VA Refis December 20, 2024 Monica Hogan More than a third of this year’s VA rate-and-term refinances were originated with loan-to-value ratios above 100%, according to ICE.Read More
Industry Opposes HUD Notices on Convenience Fees December 20, 2024 Monica Hogan Mortgage lenders are pushing back on enforcement actions against servicer convenience fees for optional expedited payment services.Read More
FHA Proposes Early T&I Reimbursement for Loans in Default December 20, 2024 Monica Hogan The proposal is meant to address liquidity challenges servicers face from tax and insurance advances in an elevated interest rate environment.Read More
FHA Makes Single-Family Loan Sale Program Permanent December 20, 2024 Monica Hogan The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.Read More
MBA Proposes Ginnie EBO Securitization Program December 20, 2024 Monica Hogan The Mortgage Bankers Association called on Ginnie Mae to create a new securitization program for early-buyout loans.Read More
MBA Urges Balance on FHA Rental Income Proposal December 20, 2024 Monica Hogan The trade group wants clarification on FHA’s plan to allow rental income from boarders in a primary residence to inform underwriting.Read More
Around the Industry December 20, 2024 Monica Hogan Industry braces for shutdown; CHLA wants FHA, Ginnie budgets increased.Read More
HUD Eases MBS Servicing for Multifamily Loans, But Not Enough December 19, 2024 Monica Hogan The final rule will allow lenders to disburse up to 1% of FHA-endorsed multifamily construction loan proceeds before borrower-provided funds are fully exhausted.Read More
FHA Proposal Aims to Increase Servicer Liquidity December 19, 2024 Monica Hogan FHA is considering reimbursing servicers for tax and insurance advances earlier in the default process.Read More