The Department of Veterans Affairs withdrew a three-year-old advance notice of proposed rulemaking that sought feedback on the incentives provided to VA servicers for loss mitigation.
FHA formalized its requirements guiding sales of beneficial interest between FHA-approved parties, while Ginnie reminded issuers that mortgages involved in such sales are prohibited from its MBS pools.
Rep. Maxine Waters, D-CA, last week questioned HUD Secretary Scott Turner over sales of distressed assets to corporate buyers, which run counter to the Trump administration’s recent effort to push back on homebuying by institutional investors.
With the potential for interest rates to decline further, originators in the RTL and DSCR space have varying strategies for dealing with volume changes.
At a recent conference, lenders discussed what makes a good RTL and DSCR borrower, as well as common mistakes borrowers make taking out investor loans.