The HUD Office of Inspector General said Carrington and MidFirst improperly set FHA foreclosures in motion for borrowers who were still under review, and ultimately qualified for loss-mitigation options, placing unnecessary hardship on the borrowers and creating risks for HUD.
Continuing resolution holds funding for HUD at FY 2024 levels; Rural Development retracts authority for noncitizens to apply for single-family guaranteed loans; VA Loan Guaranty Service posts FAQs.
Analysts worry that FHFA’s more hands-on intervention in GSE management may hint at the return of the net worth sweep and the dashing of any hopes of an end to the conservatorships.
Nothing like a good trade war to drive down MBS values and cause interest rates to rise. Yes, some mortgage investors are nervous. Overblown? We’ll find out.
HECM loan issuers are uncertain of the timeline for Ginnie to implement HMBS 2.0 amid agency-wide staffing cuts, but are confident it retained some degree of primacy on the agency’s to-do list.
The nearly 800 lease terminations announced by the General Services Administration in the past 30 days have been linked to 64 commercial MBS. And some terminations have been reinstated.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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