Ginnie Mae issuance of single-family mortgage-backed securities declined 12.2% in the second quarter of 2022, as rising interest rates dragged the refinance market to new lows. (Includes four data charts.)
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The Department of Housing and Urban Development’s latest regulatory agenda has more than a dozen items related to either FHA or tribal home loan programs, including some pending rulemakings.
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FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.
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Commenters said the challenges that servicers face in responding to COVID-related loss-mitigation programs argue against a rush by VA to implement its servicer tier rankings.
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The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.
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The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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