After an across-the-board suspension of Federal Housing Administration single and multifamily mortgage insurance programs - including its reverse mortgage program - the mortgage industry is questioning whether originators will continue to originate loans until the programs are restored.

The U.S. Department of Housing and Urban Development, which oversees the FHA, has decided to suspend all programs which fall into its General Insurance (GI) or Special Risk Insurance (SRI) funds because Congress failed to allocate an additional $49 million in credit subsidy to the agency in a supplemental appropriations bill.

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