FHA officials Lopa Kolluri and Julienne Joseph further explain the motivating rationale for allowing a new 40-year loan-modification option for borrowers financially impacted by the pandemic.
The Department of Housing and Urban Development’s Mortgagee Review Board took disciplinary actions against 97 FHA-approved lenders during fiscal year 2021.
VA has made relatively few home loans over the past 10 years under its Native American Direct Loan program, according to a report by the Government Accountability Office.
The White House this month announced the launch of its Rural Partners Network, an effort to “transform the way federal agencies partner with rural places to create economic opportunity.”
Ginnie hopes to align, to the extent possible, its revised capital requirements for seller/servicers with FHFA’s standards. Industry participants are pushing for uniformity that isn’t too stringent.
The National Association of Federally Insured Credit Unions late last week called for FHFA to raise its capital ratio requirements for nonbank mortgage lenders to 10%.