The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
HUD allocates nearly $700 million for affordable housing; seniors rack up housing wealth; the MBA seeks clarification on COVID-related flexibilities from VA.
The nondepository so far has been reluctant to actively participate in early Ginnie buyouts, only purchasing loans that it was sure had the best chance at reperformance.
Almost two decades ago, General Electric spun off several of its insurance-related businesses (including mortgage insurance) into a new unit, creating Genworth.
Although the FHA’s Mutual Mortgage Insurance Fund is safely above the 2% capital reserve ratio, HUD is holding firm against demands that insurance premiums be cut.