The department has recommended a scorecard to ensure FHA borrowers re-ceive financing that is appropriate and sustainable for long-term homeowner-ship. Meanwhile, the Treasury has outlined the new role Fannie Mae and Freddie Mac would play in a revamped housing-finance system. Read More

The Treasury has recommended Congress empower Ginnie Mae to provide “last position” guarantee on MBS backed by conventional home loans and au-thority to adjust its guarantee fee. Read More

Despite a legal setback, the department said it intends to proceed with a for-mal rulemaking on downpayment assistance provided by government entities. This time, though, with proper notice to stakeholders. Read More

Overall, 42.8% of government-backed loans originated in 2018 were sold to unaffiliated non-agency buyers, according to recently released Home Mortgage Disclosure Act data. The majority of sellers with at least $1.0 billion in sales were nonbanks. Read More

Legislation passed by the House authorizing another VA guarantee fee hike is facing pushback from community mortgage lenders. Read More

The agency has lifted restrictions imposed on the two issuers for loan churning activities. Read More

Federal prosecutors have charged the top executive of defunct reverse-mortgage lender Live Well Financial for allegedly masterminding a $140 mil-lion bond fraud involving Home Equity Conversion Mortgage loans. Read More

The Consumer Financial Protection Bureau has issued guidance for Home Equity Conversion Mortgage borrowers on how to meet reverse-mortgage ob-ligations while recovering from a natural disaster. Read More

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