Thousands of rural multifamily property rehabilitation loans are stuck in the pipeline due an abrupt change in the U.S. Department of Agriculture’s subordination policy.
Mortgage service providers are seeking a clarification from the Federal Communications Commission on the definition of an “automatic telephone dialing system” in light of differing court interpretations.
A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…
A new survey finds millennials’ path to homeownership strewn with such obstacles as debt, little to no savings and unaffordable home prices. But this age cohort is willing to do anything to own a home.
FHA and Ginnie Mae sought the same discretionary funding levels as last year in the Trump administration’s proposed budget for 2021 released this week.
The bank is considering reentering the FHA market, which it fled in 2014 due to tougher regulations and onerous monetary penalties for violating lending rules. The exit of large banks allowed nonbanks to establish a foothold and the correspondent market to flourish in the FHA space.
The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs.