The flow of purchase-money and refinance loans into Ginnie Mae MBS slowed in October, but deliveries of modified loans were up. PennyMac remained the top issuer for the month. (Includes two data charts.)
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First-time homebuyers seeking loans backed by FHA, VA or the Rural Housing Service are among those eligible for the DPA program under the Build Back Better Act.
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Beginning Dec. 1, VA is increasing the appraisal fees of residential mortgages in its loan guarantee program in response to unprecedented demand for appraisal services.
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The spending bill would direct $300 million for HUD information technology systems, including those that support FHA mortgage insurance programs and grant programs.
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The mortgage industry is applauding the passage of a False Claims Act amendment that would address language in a previous version that could have led to unintended consequences for FHA and VA lenders.
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Rocket Mortgage recently completed its one millionth e-closing transaction, an executive with the lender said last month during a Ginnie Mae podcast on digital collateral in the government mortgage market.
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FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.
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FHA extends deadline for feedback on proposed 40-year loan mods; Ginnie creates new MBS pool type; FHA delays effective date for reporting delinquent mortgage data to the FHA Catalyst reporting module.
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