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Government Lending

Opinion: Dear President Trump, I have an idea to help first-time homebuyers

Contributors, Donald Trump, First-Time Homebuyers, Government Lending, Homebuyers, Housing Market, HWmember, Mortgage, Opinion, Origination /

Over the past several months, President Donald Trump has floated a number of ideas aimed at helping Americans buy homes again. Among them are proposals such as 50-year mortgages and other creative financing tools intended to lower monthly payments for buyers struggling with today’s interest rates. The intention behind these ideas are novel and understandable. […]

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House scales back proposed VA mortgage fee hike

Government Lending, HWmember, Legislation, Mortgage, U.S. Department of Veterans Affairs, U.S. House of Representatives, VA Loan, Veterans /

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act

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FHFA reports clean GAO audit for fiscal year 2025

Fannie Mae, Federal Home Loan Banks, FHFA, Freddie Mac, Government Accountability Office, Government Lending, HWmember, Mortgage, Regulatory /

The Federal Housing Finance Agency (FHFA)’s annual Performance and Accountability Report was published on Friday, revealing that the agency received clean audit results for fiscal year 2025 from the Government Accountability Office (GAO). The report disclosed that the GAO did not find any “material weaknesses or unacceptable risks.” The FHFA received an unmodified audit opinion

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Trade groups urge White House to lower FHA premiums, ease loan fees

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and

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Restb.ai targets UAD 3.6 compliance for lenders, appraisers

Appraisals, Appraisals and Valuations, Artificial Intelligence, Compliance, Fannie Mae, Freddie Mac, Government Lending, HWmember, Mortgage, Regulatory Compliance, Restb.ai, Technology, Valuation /

Restb.ai has released a new application programming interface called Feature UAD. The interface is aimed at helping mortgage and appraisal professionals comply with new appraisal data standards set to take effect later this year. The tool is designed to support the Uniform Appraisal Dataset 3.6 — a revised standard that will be required for conventional

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NAMB urges FHA to end lifetime mortgage insurance rule

FHA, FHA loan, Government Lending, HWmember, LendingLife, Mortgage, Mortgage insurance, NAMB, Regulatory /

The National Association of Mortgage Brokers (NAMB) is urging the Federal Housing Administration (FHA) to end its “life of loan” mortgage insurance rule and let borrowers cancel premiums once they’ve paid down their loan to 78% of their home’s value. NAMB believes the policy is outdated and unfair. Current rules mean that many FHA borrowers

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Center for American Progress outlines plan to reduce housing costs

Center for American Progress outlines plan to reduce housing costs

Affordability, Construction, Government Lending, Homebuilders, Housing Inventory, Housing Market, Housing Policy, HWmember /

The Center for American Progress (CAP) recently put out a plan aimed at lowering housing costs nationwide by increasing construction and making homebuilding more affordable through federal efforts. The “Build, Baby, Build” proposal, published by CAP on Nov. 17, targets the nation’s estimated housing shortage of 2 million units, which the group says has contributed

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NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

FHA, Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, NRMLA, Politics, Reverse Mortgage Daily, Senate /

The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal

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David Benson is back at Fannie Mae

Conservatorship, Fannie Mae, Government Lending, GSEs, HWmember, IPO, Mortgage, People Movers /

Nearly two years after stepping down and retiring from Fannie Mae, past president David Benson has rejoined the government-sponsored enterprise (GSE) as senior adviser. Benson previously served a 21-year tenure at Fannie Mae in a wide range of positions, including interim CEO, chief financial officer, executive vice president of capital markets and treasurer. Federal Housing

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Click n’ Close offers free USDA loan extensions

Click n’ Close Inc., Government Lending, HWmember, Lenders, Mortgage, U.S. Department of Agriculture, USDA /

Multistate mortgage lender Click n’ Close on Monday announced a two-part initiative to help lenders manage loan pipelines during the federal government shutdown. According to a company press release, Click n’ Close is offering free lock extensions for U.S. Department of Agriculture (USDA) loans that are already in its wholesale pipeline — and it will

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