“This program will facilitate much-needed liquidity for issuers while improving the stability of the government-backed reverse mortgage market,” said Sam Valverde, Ginnie’s acting president.
Lenders originated $112.67 billion of FHA and VA loans in the third quarter — the highest quarterly volume for the government loan programs since the second quarter of 2022. (Includes three data tables.)
FHA Commissioner Julia Gordon said it is probably time to consider FHA pricing adjustments. However, any decisions may need to wait until the next administration comes in. (Includes data table.)
Stanley Middleman, founder and CEO of Freedom Mortgage, said the next administration’s approach for FHA and VA should be “if it’s not broken, why fix it?”
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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