The Community Home Lenders of America worries changes in home sale commission practices could make it more difficult for veterans to purchase homes using their VA home loan benefits.
FHA Commissioner Julia Gordon and Ginnie Mae Senior Vice President of Capital Markets John Getchis spoke during a recent Ginnie Latin America Roundtable in Washington, DC.
The class action seeks to incorporate all FHA borrowers who are owed an unclaimed refund on mortgage insurance premiums due to early termination of their loans.
The Mortgage Bankers Association this month asked FHA to consider using its single-family drafting table to seek comments from the industry before it finalizes guidance on its new payment supplement loss mitigation program.
The new rules come a month after FHA released a final rule eliminating the requirement that mortgage lenders register all branch offices where they conduct FHA business.