As part of its 2024 budget proposal, the White House has asked for a $20.6 million increase in funding for Ginnie Mae.

Policy changes could curb denial rates of Black applicants to FHA’s home equity mortgage conversion program, an Urban Institute report says.

White House releases budget request; MBA seeks clarifications from FHA on expanded COVID loss-mitigation options; MBA asks VA to consider appraisal-related policy reforms; HUD finalizes rule removing LIBOR as approved index for FHA ARMs; House bill seeks to make permanent mortgage insurance premium tax deduction.

Ginnie Mae has reduced the required minimum size for mortgage-backed securities pools with home-equity conversion mortgages from $1.0 million to $250,000.

Ginnie Mae has reduced the required minimum size for MBS pools with home-equity conversion mortgages to $250,000 from $1 million.

Ginnie reduces minimum required pool size for HMBS; Ares Management to issue non-QM MBS; S&P extends comment period on triple-net lease changes; Stifel builds out agency MBS unit; commercial MBS issuers urged to consider advertising.

Ginnie Mae has reduced the required minimum size for its Home Equity Conversion mortgage-backed securities pools from $1 million to $250,000.

The National Consumer Law Center said FHA should reform its home equity conversion mortgage program to reduce the number of so-called preventable foreclosures.

The National Consumer Law Center has called for flexibility in FHA’s property charge loss-mitigation policies, among other changes.

Fairway Independent Mortgage, the nation’s fifth largest reverse mortgage lender as of the end of September 2022, plans to invest “unprecedented resources” to achieve its goal.