The agency is considering possible changes to the current criteria for delivering mortgages into multi-issuer mortgage-backed securities pools, including restricting VA cash-out refinance loans.
The specter of rising interest rates for commercial real estate debt subsided in the first quarter even as the credit quality of new commercial MBS remained stable, Moody's said.
Ginnie Mae has issued its first-ever security indexed to the Secured Overnight Financing Rate, the leading candidate to replace the decades-old London Interbank Offered Rate. The agency expects more SOFR-indexed issuance in the future.
Faced with a lawsuit from a tribal housing-finance agency, HUD has delayed implementation of a new policy regarding downpayment assistance programs for at least 90 days.
Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”