Servicing Government Loans

MBA drives alignment in servicing policy among FHA, VA, and USDA Rural Housing mortgages to lower servicing costs and improve borrower outcomes 

Overview: Rise in default and increased regulatory burden saddled servicers in the last decade with rapid increases in servicing costs for government insured and guaranteed mortgages. MBA's Loan Administration Committee works to enumerate pain points and potential areas of alignment between the agencies to advocate for sensible policy revisions for a brighter future. Clear and consistence guidance leads to more equal outcomes for borrowers, and reductions in cost and headaches for servicers encourage greater participation in government programs designed to aid vulnerable populations.   

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