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Trade groups express concern to FHFA over historic credit data

Housing Wire

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. FHFA’s current lack of a plan to include “through the cycle” data increases the importance of the data itself, the letter explained.

Legal 354
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). It was and is controversial.

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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. It would remove the cap on the number of HECM loans that can be insured by FHA. federal government. Within the congressional justifications for the U.S.

Mortgage 338
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New FHA Eligibility for DACA Recipients!

On Q Financial

The Department of Housing and Urban Development announced on January 19, 2021, that the FHA would once again back mortgages for DACA recipients. In 2003, the FHA Housing Handbook stated, “non-U.S. are not eligible for FHA-insured mortgages.” This is not an offer for extension of credit or a commitment to lend.

Law 42
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HUD declares FHA once again backing DACA mortgages

Housing Wire

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. are not eligible for FHA-insured mortgages.” .” are not eligible for FHA-insured mortgages.”

Mortgage 546