Lender Navy Federal Credit Union surveyed servicemembers and veterans, finding many aren’t aware of the main benefits of home loans backed by the Department of Veterans Affairs.
FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee this week, relying on stock language or otherwise sidestepping in their responses.
Developers planning to apply for FHA financing for multifamily units have to wait until Congress reaches an agreement to fund the government, prompting an application backlog.
The Mortgage Bankers Association and the National Reverse Mortgage Lenders Association requested that Google modify its rules to permit advertising FHA home equity conversion mortgages to seniors.
While most of the top Ginnie Mae servicers reported single-digit portfolio increases in the second quarter, United Wholesale Mortgage’s Ginnie servicing volume increased a whopping 87.8% year over year. (Includes three data tables.)