Institutional investors are increasingly scooping up affordable single-family homes, creating an unlevel playing field for low-income first-time homebuyers, affordable housing advocates said at a recent HUD event.
Issuance of Ginnie Mae single-family mortgage-backed securities dropped 5.6% in November as refinances hit their lowest level in more than three years. (Includes two data charts.)
Commissioner Julia Gordon said FHA is considering all the potential pieces of a mortgage insurance premium cut, including the upfront premium and the life-of-loan requirements.
The Mortgage Bankers Association and others in the mortgage lending and affordable housing communities commented on an FHA request for information on the challenges of small-balance mortgage lending.