The Federal Housing Administration and the Consumer Financial Protection Bureau announced new policies to assist mortgage borrowers impacted by the economic effects of the coronavirus pandemic.
Tag: Brian Montgomery
FHFA, HUD Suspend Foreclosures/Evictions for 60 Days
HUD and the Federal Housing Finance Agency last week suspended foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.
MBA, Trade Groups Renew Pressure for Senate Action on Montgomery, Woll Nominations
Last October, the Trump Administration nominated FHA Commissioner Brian Montgomery to serve as HUD Deputy Secretary. Despite a favorable vote by the Senate Banking Committee and strong support from trade groups such as the Mortgage Bankers Association, a Senate confirmation vote has yet to take place.
Administration to Nominate Dana Wade as FHA Commissioner
The Trump Administration said it intended to nominate Dana Wade as Assistant Secretary for Housing and Federal Housing Commissioner.
#MBAIMB20: Housing Finance Reform—What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress on Nov. 14, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.