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
FHA, VA Considering Bi-Merge Credit Score Process February 6, 2024 Monica Hogan Leaders at FHA and VA haven't ruled out following the Federal Housing Finance Agency in a shift from a tri-merge score process to a bi-merge process.Read More
FHA/VA Lenders Prep for More Volume January 18, 2024 Monica Hogan Home sellers are now more willing to consider bids tied to FHA and VA mortgages.Read More
Short Takes: Rate Locks Decline / List of Assumable Mortgages / Mortgage Matchup / Few Home Sales in CA January 18, 2024 Brandon Ivey Rate locks declined by 14% on a monthly basis in December, driven by fewer locks for purchase mortgages.Read More
Short Takes: Ginnie Considers New HECM MBS Product / Agreement in Congress on LIHTC / First American to Take a Hit / New Leader at NAAHL January 16, 2024 Brandon Ivey The new Ginnie product would relieve pressure for reverse mortgage lenders.Read More
HUD Seeks More Funding to Address Housing Supply January 12, 2024 Monica Hogan Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.Read More
HECM Activity Ends Slide in Third Quarter January 11, 2024 Namrata Bhatia HECM endorsements increased in the third quarter after four consecutive quarterly declines.Read More