MISMO seeks participants for VA-document-related working group; Senate banking subcommittee to hold housing supply hearing; HUD to host housing counseling conference; OMB to hold tribal consultation on 2025 budget; HUD to co-sponsor special purpose credit program roundtable; UWM expands soft credit check program.
Government-backed originations increased in the second quarter thanks to a seasonal boost in purchase mortgages. FHA production outpaced VA lending, and the top lenders largely increased originations. (Includes three data charts.)
The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases.
The Department of Housing and Urban Development, Fannie Mae and Freddie Mac reminded lenders and servicers of the options available to homeowners impacted by the deadly wildfires in Maui.