FHA lacks sufficient safeguards to monitor its lenders and servicers and to prevent ineligible loans and claims in its mortgage insurance program, according to the HUD’s Office of Inspector General.

The revisions would increase the maximum allowable rehabilitation costs for a limited loan, update the rehab period for both standard and limited loans, and allow higher fees for program consultants.

The Department of Veterans Affairs also extended its COVID-19 refund modification program through May 31.

An appeals court’s decision in Show Me State Premium Homes v. McDonnell has introduced uncertainty regarding the insurability of title following a nonjudicial foreclosure tied to an FHA-insured property.

The goal, FHA said in a new report, is to improve the quality and efficiency of its data and allow its program offices to better collaborate.

Among other things, the proposed revisions will better align RHS’s single-family direct and guaranteed loan and grant programs.

Wellahead clients are referred by professionals including long-term care providers, financial advisors and estate attorneys.

HECM servicing policy updates finalized; FHA ups 2024 loan limits; Ginnie Mae announces optional early closing date for multiclass transactions; FHA seeks comment on payment supplement final disclosure statement model document; new collaboration to offer homes for sale under FHA’s Claims Without Conveyance of Title second chance program.

The Mortgage Bankers Association is asking VA to release a detailed plan for how servicers will be reimbursed if they participate in VA’s call for a six-month pause on foreclosures for struggling veteran borrowers.

After S&P made changes to its insurer risk-based capital adequacy criteria, Arch Capital canceled eight of its mortgage insurance-linked note transactions, citing newly unfavorable capital treatment.