FHA has rescinded a pair of policies enacted in 2022 that were meant to give owner-occupants an upper hand in foreclosure sales over institutional investors.

The steep property insurance and tax bills driving the rise in FHA late rates are not likely to come down anytime soon, meaning delinquencies will likely stay up too.

Sens. Ruben Gallego, D-AZ, and Dave McCormick, R-PA, this week introduced legislation that would sharply increase FHA multifamily loan limits.

The Mortgage Bankers Association urged the Department of Housing and Urban Development to scrap regulatory requirements for multifamily housing under the National Environmental Policy Act, along with other environmental and zoning restrictions.

FHA upgrades FHA Connection system to guard against cyberattacks; HUD to revise legal instructions for lenders to obtain full insurance benefits; White House proposes eliminating single-family housing direct loans under the USDA’s Rural Development program.

Redwood Trust had a 73% increase in jumbo lock volume for the first quarter, helped by seasoned loans sold by banks.

The nonbank launched a new product line with expanded-credit offerings for self-employed workers, asset-rich people, investors and buy-before-you-sell borrowers.

The Michigan-based bank is putting an emphasis on a unique home equity line of credit product.

The bureau reached agreements earlier this week to resolve two lawsuits.

Uncertainty on movements by the Fed has prompted sharp swings in the value of agency MBS as well as in the prices of hedges commonly used by REITs.