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.)
FHA said it would consider stakeholder feedback in future policy updates. But industry trade groups are already calling for changes to the cyber incident reporting requirements announced and launched in May.
Ginnie Mae last week proposed a new pool type to allow repooling of home equity conversion mortgages that have reached their buyout limit. Comments on the HMBS 2.0 term sheet are due July 31.
Borrowers’ perceptions of their home valuations are influenced by localized stressors, according to economists in HUD’s Office of Policy Development and Research.
FHA to host stakeholder meeting on new reconsideration of value requirements; former Ginnie Mae executive joins the Housing Policy Center; and more news in brief.
Production of FHA reverse mortgages declined 11.4% from the fourth quarter to the first. Industry watchers are calling for reforms to increase program uptake. (Includes three data tables.)
FHA Commissioner Julia Gordon said from a budgetary modeling standpoint, it would be expensive to cancel insurance premiums while FHA is still insuring the loan.
Sutherland and NOVAD formed a servicing operation in 2014 that won a contract to service reverse mortgages for HUD. The companies remained reverse-mortgage servicers until near the end of 2022.