The House and Senate passed separate bills over the summer containing funding for the Department of Housing and Urban Development for the next fiscal year.
New FHA loan applications and endorsements have been declining steadily since hitting peaks in late 2020, and cash-out refinances make up a growing share of the market.
Speaking at a Housing Finance Strategies event this week, FHA Commissioner Julia Gordon said she wants to improve the way the agency interacts with lenders and servicers.
Following a boom in buyout activity of FHA and VA loans from Ginnie Mae pools in the first 18 months of the COVID-19 pandemic, loan removals continue to decline. (Includes data chart.)
Private mortgage insurance companies are raising premiums on a targeted basis, in part so they can better manage risk in an increasingly volatile economy.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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