What awaits new HUD Secretary Scott Turner?HUD oversees a $73 billion budget and plays a crucial role in addressing housing affordability and homelessness in America.
The FHA denies facing 40% staff cuts but offers no layoff detailsSpeculation about large staff reductions at FHA amidst improvements in its financial health has sparked concernHUD denies reports of severe cuts to FHA's workforce, leaving uncertainty about layoffs.
FHA establishes permanent single-family loan sale programFHA establishes a permanent program for selling seriously delinquent FHA-insured mortgages to enhance recoveries and support the Mutual Mortgage Insurance Fund.
FHA extends cybersecurity reporting requirement to 36 hoursFHA requires lenders to report cybersecurity breaches within 36 hours of detection, an extension from the previous 12-hour requirement.
Amid global tech outage, HUD reports FHA Connection issuesFHA Connection portal experienced outages due to a global tech outage affecting major U.S. tech providers.
HUD settles with PHH over alleged mortgage payment fees that violated FHA rulesHUD settles with PHH Mortgage Corp. over illegal fees imposed on FHA borrowers, marking an unprecedented reimbursement effort.
What awaits new HUD Secretary Scott Turner?HUD oversees a $73 billion budget and plays a crucial role in addressing housing affordability and homelessness in America.
The FHA denies facing 40% staff cuts but offers no layoff detailsSpeculation about large staff reductions at FHA amidst improvements in its financial health has sparked concernHUD denies reports of severe cuts to FHA's workforce, leaving uncertainty about layoffs.
FHA establishes permanent single-family loan sale programFHA establishes a permanent program for selling seriously delinquent FHA-insured mortgages to enhance recoveries and support the Mutual Mortgage Insurance Fund.
FHA extends cybersecurity reporting requirement to 36 hoursFHA requires lenders to report cybersecurity breaches within 36 hours of detection, an extension from the previous 12-hour requirement.
Amid global tech outage, HUD reports FHA Connection issuesFHA Connection portal experienced outages due to a global tech outage affecting major U.S. tech providers.
HUD settles with PHH over alleged mortgage payment fees that violated FHA rulesHUD settles with PHH Mortgage Corp. over illegal fees imposed on FHA borrowers, marking an unprecedented reimbursement effort.
Housing agencies are in wait-and-see mode since inaugurationThe Trump administration is focusing on affordable housing, impacting several servicing policies temporarily.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Could FHA borrowers get mortgage insurance relief?The Mortgage Insurance Freedom Act aims to alleviate FHA borrowers' mortgage insurance costs at 78% LTV, enhancing affordability and equity accumulation.
Reps. Gregory Meeks and Pete Sessions introduce bill to support first-time homeowners - QNSThe Mortgage Insurance Freedom Act aims to relieve financial burdens for first-time homeowners by allowing FHA borrowers to cancel mortgage insurance premiums.
MMI Fund capital reserve is now 5X larger than requiredThe FHA's Mutual Mortgage Insurance Fund achieved a robust financial year with a capital reserve ratio of 11.47%.The percentage of first-time homebuyers using FHA insurance remained consistent, reflecting strong support despite market challenges.
FHA updates portal to accommodate expansion of 203(k) loan programFHA updates the 203(k) program to incorporate wider financing options and increase rehabilitation cost limits for improved home renovation accessibility.
Could FHA borrowers get mortgage insurance relief?The Mortgage Insurance Freedom Act aims to alleviate FHA borrowers' mortgage insurance costs at 78% LTV, enhancing affordability and equity accumulation.
Reps. Gregory Meeks and Pete Sessions introduce bill to support first-time homeowners - QNSThe Mortgage Insurance Freedom Act aims to relieve financial burdens for first-time homeowners by allowing FHA borrowers to cancel mortgage insurance premiums.
MMI Fund capital reserve is now 5X larger than requiredThe FHA's Mutual Mortgage Insurance Fund achieved a robust financial year with a capital reserve ratio of 11.47%.The percentage of first-time homebuyers using FHA insurance remained consistent, reflecting strong support despite market challenges.
FHA updates portal to accommodate expansion of 203(k) loan programFHA updates the 203(k) program to incorporate wider financing options and increase rehabilitation cost limits for improved home renovation accessibility.
NRMLA's Steve Irwin on FHA report, HECM changes and moreThe HECM program shows strong performance despite challenges, thanks to strategic changes and home-price appreciation.
CHLA urges funding increases for FHA, Ginnie MaeHigher funding for FHA and Ginnie Mae is crucial for supporting homebuyers, especially first-time buyers, in today's challenging housing market.
FHA's HECM limit rises above $1.2 million in 2025The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.
Reverse mortgage analysts weigh in on 2025 HECM limitFHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.
NRMLA's Steve Irwin on FHA report, HECM changes and moreThe HECM program shows strong performance despite challenges, thanks to strategic changes and home-price appreciation.
CHLA urges funding increases for FHA, Ginnie MaeHigher funding for FHA and Ginnie Mae is crucial for supporting homebuyers, especially first-time buyers, in today's challenging housing market.
FHA's HECM limit rises above $1.2 million in 2025The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.
Reverse mortgage analysts weigh in on 2025 HECM limitFHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.
Reverse mortgage pros sound off on 2025 HECM limitFHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.
2024 MMI report: HECM remains in the blackThe FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.
Key reverse mortgage metrics saw an uptick in October even as business remains lukewarmHECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.Positive interest rates and FHA case number assignments are boosting industry performance.
Reverse mortgage pros sound off on 2025 HECM limitFHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.
2024 MMI report: HECM remains in the blackThe FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.
Key reverse mortgage metrics saw an uptick in October even as business remains lukewarmHECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.Positive interest rates and FHA case number assignments are boosting industry performance.
FHA responds to Helene, Milton by issuing temporary waivers to rehab loan programFHA has temporarily waived the 15-day occupancy requirement for 203(k) mortgages in response to hurricanes Helene and Milton.
FHA extends foreclosure moratorium for hurricane victimsFHA has extended the foreclosure moratorium for hurricane victims to aid recovery efforts, reflecting increased support during extreme weather events.
FHA reiterates loss-mitigation options as Helene devastation continuesFHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.
FHA responds to Helene, Milton by issuing temporary waivers to rehab loan programFHA has temporarily waived the 15-day occupancy requirement for 203(k) mortgages in response to hurricanes Helene and Milton.
FHA extends foreclosure moratorium for hurricane victimsFHA has extended the foreclosure moratorium for hurricane victims to aid recovery efforts, reflecting increased support during extreme weather events.
FHA reiterates loss-mitigation options as Helene devastation continuesFHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.
FHA will implement modern borrower default engagement practicesThe FHA facilitates remote communication between lenders and defaulting borrowers through its new mortgage guidance, acknowledging the effectiveness of virtual methods introduced during the pandemic.
FHA announces updates to Catalyst software's appraisal moduleFHA updated its Catalyst EAD module to improve appraisal processing, moving away from outdated systems, indicating a focus on modernization.
Federal housing leaders speak to the need for more reverse mortgage understandingThe complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.
FHA finalizes updates to reverse mortgage debenture interest ratesThe FHA's ML 2024-18 updates interest rates for HECM claims and introduces a process for adjusting debenture interest payments.
FHA will implement modern borrower default engagement practicesThe FHA facilitates remote communication between lenders and defaulting borrowers through its new mortgage guidance, acknowledging the effectiveness of virtual methods introduced during the pandemic.
FHA announces updates to Catalyst software's appraisal moduleFHA updated its Catalyst EAD module to improve appraisal processing, moving away from outdated systems, indicating a focus on modernization.
Federal housing leaders speak to the need for more reverse mortgage understandingThe complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.
FHA finalizes updates to reverse mortgage debenture interest ratesThe FHA's ML 2024-18 updates interest rates for HECM claims and introduces a process for adjusting debenture interest payments.
Brian Montgomery says conservatives should love' HUD programsThe Department of Housing and Urban Development operates efficiently and benefits taxpayers without direct funding, primarily through borrower premiums.
NRMLA asks HUD to extend reporting timetable for cybersecurity incidentsNRMLA is advocating for HUD to align its cybersecurity reporting requirements with those of Ginnie Mae, ideally extending the notification period for incidents.
Brian Montgomery says conservatives should love' HUD programsThe Department of Housing and Urban Development operates efficiently and benefits taxpayers without direct funding, primarily through borrower premiums.
NRMLA asks HUD to extend reporting timetable for cybersecurity incidentsNRMLA is advocating for HUD to align its cybersecurity reporting requirements with those of Ginnie Mae, ideally extending the notification period for incidents.
Sam Valverde on Ginnie Mae's reverse activity and HMBS 2.0Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.
fromwww.housingwire.com4 months agoDOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegationsDOJ secures $2.4 million settlement from Nutter Home Loans for underwriting ineligible reverse mortgages, aiming to protect FHA insurance integrity.
FHA reports that all tech outage issues have been resolvedThe Federal Housing Administration (FHA) computer systems, including FHA Connection, have been restored following a global tech outage on Friday.
Three yards and a cloud of dustLegislative proposals for housing affordability face challenges in Congress, with incremental steps by federal agencies proving more effective.