In a comment letter, the CHLA said its members are opposed to proposals to shrink FHA’s footprint, utilize tiered pricing and increase the FHA insurance fund’s 2% capital reserve ratio.
Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…
The government-sponsored enterprises’ automated verification programs help simplify the mortgage application process. But they could also result in counterparty risk, according to a report by the FHFA IG.