After hitting an all-time monthly record in January, issuance of Ginnie single-family MBS slowed modestly last month. Still, a number of top issuers managed to boost volume. (Includes two data charts.)
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Brian Montgomery, former HUD deputy secretary, urged the Biden administration to focus on issues such as forbearance. A pandemic is not the time for “heavy-handed enforcement,” he said.
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During her confirmation hearing, the Ohio congresswomen faced strong criticism for her lack of experience in housing policy and past comments about Republicans.
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JPMorgan Chase Bank has agreed to pay $50,000 to resolve charges that it low-balled the value of a property because of the race of the borrower.
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The American Rescue Plan provides $10 billion to help consumers catch up on mortgage payments or pay other housing-related costs. However, how the money is allocated will depend on states.
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Mat Ishbia, CEO of UWM, said the wholesaler consulted internal and external counsel before making the decision and that there are no concerns. However, industry insiders think otherwise.
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One of the objectives of the REO program is to strengthen neighborhoods and communities through alternative sales programs. However, the FHA “lacks metrics and targets” to successfully do so, the Government Accountability Office said in a recent report.
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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