FHA Commissioner Julia Gordon this week returned to her hometown of Philadelphia to address attendees at the Mortgage Bankers Association’s annual convention.

Former Ginnie Mae President Ted Tozer wants the Biden administration to make a program supporting nonbank issuer liquidity a high priority.

FHA finalized a rule revising its rental income policies and property eligibility requirements for loans for properties with accessory dwelling units.

Among the clarifications, Rural Development said that if a loan applicant owns a business, the loan officer must closely examine whether assets are co-mingled between business and personal accounts.

Before a VA loan closes, lenders should establish the funding fee exemption status of the borrower, VA clarified.

HUD to host hearing on appraisal bias; bipartisan Senate bill to inform veterans of home loan benefits introduced; USDA updates handbook; Ginnie Mae allows commingling in Platinum pool types; HUD expands funding for loans and grants in its Green and Resilient Retrofit Program; VA reduces premiums for Veterans’ Mortgage Life Insurance program.

Mark Jones, 2024 chairman of the Mortgage Bankers Association, sympathized with lenders who are going through the uncertainties of a steep market downturn.

Protecting customer relationships should be increasingly important for servicers now as the connections will be valuable when interest rates eventually drop, said panelists at the MBA’s annual convention.

Susan Wachter, a real estate and finance professor at the Wharton School of the University of Pennsylvania, said it must be the industry’s new mantra.

FHA Commissioner Julia Gordon cautioned attendees at the annual conference of the Mortgage Bankers Association not to expect a further cut to the mortgage insurance premium rate anytime soon.