Production of Ginnie Mae single-family mortgage-backed securities saw a modest increase in the third quarter. PennyMac lost some market share in the FHA program. (Includes four data charts.)
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Industry trade associations and consumer groups have expressed support for proposed rules on how servicers must engage with delinquent FHA borrowers.
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Speaking at a recent MISMO summit, FHA Commissioner Julia Gordon said her biggest frustrations at FHA center around technology and procurement.
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The court ruled that charging pay-to-pay fees from borrowers who made monthly mortgage payments over the phone violated the Texas Debt Collection Act.
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FHA staff had asked HPC whether a repayment plan, an informal forbearance plan or a trial payment plan would be better options for delinquent borrowers rather than a standalone partial claim.
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The Department of Housing and Urban Development can and should do more to help increase the availability of personal property and mortgage loans for manufactured housing, a recent report from the Government Accountability Office said.
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Ginnie boosts liquidity for issuers of MBS backed by reverse mortgages; MISMO issues dataset for information exchanges verifying veterans’ benefits eligibility; senior housing wealth grew in the second quarter; RHS extends comment period on proposed manufactured-housing updates.
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