Freedom Mortgage remained the top Ginnie MBS issuer in the first quarter, though third-ranked Quicken Loans posted a mighty 47% gain from the prior period. Some 57% of loans securitized by Ginnie had VA guarantees. (Includes four data charts.)
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A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD.
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The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.
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A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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HUD allocates nearly $700 million for affordable housing; seniors rack up housing wealth; the MBA seeks clarification on COVID-related flexibilities from VA.
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