Gordon Asks NAHREP Members to Highlight FHA Program March 13, 2024 Monica Hogan FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.Read More
Short Takes: Todman to Fill In at HUD / Appraisal Requirements in Maui / Equity Prime Leader Pledges $1 Million to MBA Opens Doors / Reprieve From Delisting for Better March 12, 2024 Brandon Ivey Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.Read More
Short Takes: Appropriations Bill Includes a Boost for Ginnie / MBA Hopes SEC Rule Is the Ceiling / Another Loss for FoA / Freddie Selling NPLs March 7, 2024 Brandon Ivey The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.Read More
FHA, VA Lending Declines in Fourth Quarter March 5, 2024 Monica Hogan Combined, FHA and VA lending declined by 17.7% in the fourth quarter.Read More
Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie March 5, 2024 Brandon Ivey Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.Read More
Short Takes: ‘Flirting With’ 7.0% / Pending Home Sales Decline / Jumbo MBS From Redwood / Congress Keeps Government Open for Another Week March 1, 2024 Brandon Ivey “The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying,” said Sam Khater, chief economist at Freddie Mac.Read More
Ginnie Revises Financial Requirements for Manufactured Housing Lenders February 29, 2024 Monica Hogan Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.Read More
Short Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break February 16, 2024 Brandon Ivey FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.Read More
Ginnie MBS Issuance Flat in January February 8, 2024 Brandon Ivey Refis accounted for 15.0% of Ginnie issuance in January compared with a 14.7% share the previous month.Read More
Banco Popular Stocking FHA Production in Portfolio February 8, 2024 Monica Hogan The vast majority of FHA originations end up in Ginnie Mae mortgage-backed securities.Read More
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