Congressional lawmakers next week are expected to take up legislation meant to finalize fiscal 2024 funding bills before the latest continuing resolutions lapse.

MISMO said officials from FHA, VA, the U.S. Department of Agriculture and Ginnie Mae are part of the working group set up to develop the new dataset.

Cardinal Financial plans to offer the industry’s first security backed by VA mortgages scored with FICO 10 T.

USDA plans revisions to its single-family housing loan guarantee program guide; HUD raises civil monetary penalties; USDA lowers interest rates for its direct loan program; NAIHC names new executive director; FHA and USDA offer training opportunities in March.

Top Congressional leaders have announced a deal on six bills that will fund several federal agencies, including HUD, USDA and VA.

Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.

FHA is increasing the maximum loan limits for Title I manufactured housing to 15% above the average home price based on Census data for each given type of loan.

Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.

The Community Home Lenders of America last week wrote to the CEOs of credit bureaus Equifax, TransUnion and Experian, asking them to roll back recent price increases on soft credit pulls.

One area of particular concern among quality control regulators is mortgage servicing rights transfers, a Mortgage Quality Management & Research vice president said last week.