HUD’s spring regulatory agenda includes about a dozen FHA-related items in the proposed or final rule planning stage.

FHA plans to retroactively adjust the calculation of debenture interest rates for claims filed on HECMs due or payable since Sept. 19, 2017.

Senate passes the VA Home Loan Awareness Act; USDA updates income limits for home loan programs; the Department of Housing and Urban Development and the Federal Emergency Management Agency announce partnership to address disaster housing recovery challenges.

The slowdown is part of a typical trend seen at federal regulators prior to a presidential election.

Primary MI lost market share in the agency market in the second quarter in both purchase mortgages and refis. Among loans in agency MBS with some form of MI, three states combined to account for slightly more than 30% of total volume in the second quarter. (Includes two data tables.)

Borrowers who obtained mortgages in recent years are prime targets for refis as interest rates decline.

Researchers find that the climate-related increase in flood damage will boost the cost of subsidizing federal mortgage programs by 44% over the next 30 years. That doesn’t include the costs to homeowners, lenders, insurers or MBS investors.

While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.

The MBA wants significant changes to the Federal Financing Bank risk-sharing program. Reforms are also needed in the multifamily accelerated processing program, according to the trade group.

Second-quarter Ginnie Mae securitization growth was strongest among purchase-loan originations. But refis picked up steam over 2023. (Includes four data tables.)