The FHA will propose a number of new rules through the second half of 2021, including changes to servicing and claim requirements for government-backed loans.
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FHA lenders funded $5.3 billion of new HECMs during the first three months of 2021, up a hefty 37.4% from the same period a year ago. (Includes two data charts.)
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Both the eviction and foreclosure moratoriums are set to expire June 30. However, industry insiders expect extensions through the end of the year.
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According to CBC Mortgage Agency, Sen. Pat Toomey, R-PA, has been creating “unnecessary confusion” by drawing inaccurate comparisons between seller-funded downpayment assistance and government-provided DPA.
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The Rural Housing Service plans to amend the minimum adjusted net worth for non-supervised lenders and ease documentation requirements for supervised shops, among other changes.
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Brian Montgomery rejoins Radian Group as a director; FHA tweaks its calculation for student debt; HUD ponders changes to loss-mitigation options.
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