"Cassidy said that since taking on his role as FHA commissioner, he has focused on streamlining operations at the agency and reducing what he described as bureaucratic barriers for lenders and servicers. We've been focused on making FHA more efficient, making it easier for lenders, for servicers, to do business with FHA, Cassidy said. On his first day, he said, the agency revised its loss-mitigation waterfall, a move Cassidy said is projected to save the FHA insurance fund roughly $2 billion over the next decade."
"There's been so much bureaucratic red tape that's been put in place over the years, he said. We're focused on identifying areas within all FHA loan programs where we can pull that back, so that doing business with FHA is easier and more streamlined. Cassidy said the agency is closely monitoring early and serious delinquencies following the policy change. While there has been a slight uptick as the new framework takes effect, he said the agency expects these numbers to moderate over time."
FHA prioritized streamlining operations and reducing bureaucratic barriers for lenders and servicers. The agency revised its loss-mitigation waterfall, projected to save the FHA insurance fund roughly $2 billion over the next decade. FHA is monitoring early and serious delinquencies after the policy change and expects modest upticks to moderate over time. Balancing the housing mission with long-term health of the Mutual Mortgage Insurance fund remains central, with the fund's capital ratio at 11.47%, well above the statutory minimum. Ginnie Mae emphasizes affordability, supports FHA and VA programs, and is moving liquidation-event reporting from monthly to daily to strengthen resiliency and disclosures.
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