Tagged: Federal Housing Administration (FHA)

55% said downsize the CFPB, 45% said don't, but survey comments revealed much more

Downsizing plans could leave more than 30 states without local staff to underwrite mortgages

Reducing FHA and Ginnie Mae staff won't help housing costs, according to an Urban Institute study

Mass terminations across the federal government expected to hit federal mortgage insurer

Civil rights and disaster recovery programs expected to take massive hit

Down payment assistance programs remain underutilized, despite high eligibility among government borrowers

Nonbank originators and servicers face massive risks of liquidity stress in the next economic downturn

The proposed changes reduce acceptable rental income history from two years to 12 months, among other expansions of FHA guidelines

Borrowers in default are provided more flexible communication and scheduling options

Changes include increase to allowable loan amount, rehabilitation time