An increase in purchase mortgages wasn’t enough to offset ongoing declines in refi volume, pushing issuance of Ginnie MBS down 2.9% in July compared with June. (Includes two data charts.)
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Private mortgage insurance companies are raising premiums on a targeted basis, in part so they can better manage risk in an increasingly volatile economy.
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Changes in the housing market and economic outlook could impact how FHA officials consider whether, when and how to make changes to FHA’s mortgage insurance premium.
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The Senate last week approved $70 billion in budgetary resources for the Department of Housing and Urban Development as part of its fiscal 2023 appropriations package.
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HUD wants to increase its outreach to community development financial institutions through more frequent training webinars tailored to teaching them how to join the FHA program.
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Results were mixed in a Department of Housing and Urban Development study on the impact of pre-purchase counseling for first-time homebuyers.
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RHS proposes rule for use of automated underwriting and closing systems; Ginnie revises capital requirements for certain entities; VA clarifies new procedures for alternative valuation; USDA announces toll-free lender line; VA report on home loan program; FHA working to promote energy-saving products in home rehabilitations.
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