The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
The Mortgage Bankers Association will resume in-person conferences this fall for the first time since the novel coronavirus hit the U.S. in March of last year.
Leading the improvement pack: the Ginnie Mae category, where the reading dropped a whopping 45 basis points to 6.33% of outstandings for the week ending April 4.
The return to fair lending standards set in 2013 by the Obama administration but shelved by Trump will acknowledge there’s no room for discrimination in housing.
However, the revised regulation never saw the light of day — it was stayed a day before implementation by a federal court in Massachusetts. Since October, the future of the rule has been in limbo.
Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...
A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD.