HUD announces planned updates to its handbook for the management of multifamily affordable homes; VA announces revised release date for its Loan Guaranty Service Program Participant Management System; Ginnie introduces new monthly disclosure on rural loans in MBS.
With originations increasing, should mortgage lenders add workers or get by with what they have and pay overtime? Mortgage-banking employment is actually down compared to January.
Interest rates on mortgages increased in the past week even though the Fed is on a path to cut rates further. The movements are a reminder that mortgage interest rates don’t necessarily move in tandem with the Fed.
Deputy Secretary of Treasury Wally Adeyemo hinted that the government might reduce its support of the FHLBanks if they don’t put more funds toward affordable housing.