Ginnie Mae MBS purchase issuance rose 14.9% in May compared to April, according to an analysis by Inside FHA/VA Lending. (Includes two data charts.)
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Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.
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The Mortgage Bankers Association said its members support the 40-year loan term as an additional loss-mitigation option, and not the only option.
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HUD could bring resources to bear on the affordable housing supply challenge by conducting research, collecting data and looking to successes of the past, FHA Commissioner Julia Gordon said.
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Fairway Independent Mortgage, Movement Mortgage and Caliber Home Mortgage were the top three lenders in USDA’s Rural Housing Service single-family housing guaranteed loan program.
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Chair of the House Committee on Financial Services pledges support for housing-related funding; FHA plans webinar on manufactured housing; Ginnie Mae to hold training sessions for issuers; VA to award grants providing legal services to veterans at risk of homelessness; MISMO seeks comments on life-of-loan process model; USDA updates income limits for home loan program.
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Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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