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FHA Prepares Appraisal Forms Update

September 5, 2025
Emmeline Willey
FHA will begin transitioning appraisal forms to the Uniform Appraisal Dataset 3.6 in the spring.
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Urban Institute Recommends Tweaks to VA Loss Mit

September 5, 2025
Emmeline Willey
Researchers at the think tank said changes need to be made to bring loss mitigation at the Department of Veterans Affairs in line with FHA servicing protocols.
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2025 Shaping Up to be Strong Year for VA Lending

September 5, 2025
Emmeline Willey
The Department of Veterans Affairs recently backed its 29 millionth mortgage, with VA lending up following a post-pandemic slump.
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Around the Industry

September 5, 2025
Emmeline Willey
FHA updates EDI layout; HUD changes Section 184 residency requirements; FHA and VA application shares rise.
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PennyMac Financial Services to Launch Non-QM Offerings

September 5, 2025
Abby Zimmardi
PennyMac, the largest correspondent lender in the industry, will begin offering non-qualified mortgages later this month. The move could be a major boost for the sector.
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Non-QM Loan Performance Improves in July

September 5, 2025
Abby Zimmardi
The impairment rate on securitized non-qualified mortgages dropped on a monthly basis in July. However, the rate was still up from a year ago.
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Toorak Sues Private Money Lenders, Alleging RTL Fraud

September 5, 2025
Abby Zimmardi
The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.
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Smaller Bank Offering Non-QMs Through Wholesale

September 5, 2025
Abby Zimmardi
American Pride Bank’s wholesale unit this week launched a non-qualified mortgage portfolio product suite.
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News Briefs

September 5, 2025
Abby Zimmardi
Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.
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Issuance of Agency CMOs, Aggregation MBS Slows

September 4, 2025
John Bancroft
The sharp decline in GSE Supers issuance was the result of the Federal Reserve wrapping up the conversion of its Fannie/Freddie MBS into aggregated form in the first quarter. (Includes two data tables.)
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