Government-insured mortgage originations grew across all three lending channels in the second quarter, with brokers gaining market share from the correspondent channel. (Includes data chart.)
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The VA loss-mitigation service program will more likely be launched next year, Michelle Corridon, deputy director of policy at VA, said during a recent MBA conference.
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FHA home equity conversion mortgage endorsements declined by 16.4% from the first to second quarter of the year. (Includes three data charts.)
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Panelists at a Community Home Lenders of America roundtable discussed the challenges in targeting low- to moderate-income borrowers, including first-time and minority homebuyers.
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Ginnie Mae officials remain confident that most of its issuers will be ready to comply with new financial eligibility requirements set to go into effect Sept. 30.
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State housing finance agencies want to be exempted from proposed FHA audit requirements for investing mortgagees, the National Council of State Housing Agencies said in a comment letter.
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The updated guidance, which will go into effect Jan. 1, notes that housing counseling must be provided by a qualified, independent third party and not by anyone compensated by a mortgage originator or servicer.
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FHA Catalyst claims module now enables bulk submissions of supplemental claims; USDA’s Rural Housing Service to release proposed rule updating eligibility requirements for non-citizens; Senate Banking Committee to hold hearing on flood insurance; HUD to hold meeting of its Housing Counseling Federal Advisory Committee.
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