Ginnie MBS issuance plummeted 16.8% in February amid rising interest rates. Refinances gave ground to purchase-money mortgages and modifications. (Includes two data charts.)
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Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
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FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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The Rural Housing Service finalized rules overseeing a rental assistance program, as well as a new fee structure, for its multi-family housing direct loans and grants programs.
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FHA has introduced a new self-service portal, dubbed the SMART Integrated Portal, to make it easier for borrowers to get payoff information on their loans.
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VA extends forbearance; FHA-insured loan for affordable multifamily housing closes; Ginnie Mae to host listening session; Farmer Mac posts strong results.
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