VA refis in Ginnie MBS issuance more than doubled on a quarterly basis in the fourth quarter and FHA refi volume was up almost 50%. On an annual basis, Ginnie MBS issuance increased by nearly 20% in 2024. Read More

The plaintiffs contended that the new standards act as a deterrent to new construction and are in direct conflict with the current energy codes in the majority of jurisdictions around the country. Read More

To this point, FHA hadn’t published its method of identifying servicing defects before, except in draft form. Read More

Trade groups and consumer advocacy groups sent comments to FHA on a draft proposal from late November introducing a permanent loss-mitigation waterfall. Read More

House Committee on Veterans’ Affairs Chair Mike Bost, R-IL, said the recent Supreme Court decision to overturn the Chevron doctrine should restore some checks and balances. Read More

The rule, effective March 4, makes some existing manufactured homes eligible for Rural Housing Service financing. Read More

The changes are meant to better align the program with other federal housing programs and adhere to legislative updates. Read More

Scott Turner’s nomination hearing scheduled for next week; FHA updates draft mortgagee letter on partial claim document recording and payoff statements; Fannie Mae updates Desktop Underwriter in support of FHA and VA loan limit changes; FHA adopts Uniform Residential Loan Application for Title I loan programs; the Mortgage Bankers Association provides feedback on proposed updates to Title I manufactured housing program; FHA outlines changes on multifamily loan underwriting thresholds. Read More