While the VA program still accounted for over half of the loans sold into Ginnie MBS in April, the FHA saw a significantly bigger increase in monthly volume. Freedom Mortgage held onto the top spot among Ginnie issuers despite a slowdown in production. (Includes two data charts.)
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Gate House Strategies, which features former FHA Commissioner Brian Montgomery as one of its founding members, will focus on FHA/Ginnie Mae/HUD and Fannie Mae/Freddie Mac policy issues. The Collingwood Group V2?
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Private mortgage insurers are noticing that an increasing number of COVID-impacted borrowers are curing delinquencies. Also, fewer new defaults are emerging.
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The Housing Financial Literacy Act and the Improving FHA Support for Small Dollar Mortgages Act are both aimed at making homeownership more affordable for borrowers.
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Nationwide Equities Corp. allegedly misinformed consumers about how much money they could receive from a reverse mortgage, the fees and costs of the loan and the consequences of nonpayment.
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The share of residential mortgages in forbearance decreased for the ninth straight week to 4.47%. Overall, 2.23 million homeowners remain in forbearance, according to the Mortgage Bankers Association.
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