FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.

The website streamlining effort included a roughly 90% reduction in content, leaving broken links in its wake.

Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.

Brian O’Shaughnessy, the former co-CEO of Rama Capital Partners, launched ARDRI to provide a mix of the latest technology and customer-focused operations for non-QM mortgage brokers.

A change in FHA lending requirements could lead to more non-permanent residents using non-QM options.

Toorak Connect is an underwriting platform that uses artificial intelligence and machine learning to score loans based on risk. It has been used to underwrite more than $5 billion in business-purpose loans since its launch in 2022.

The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit.

The company recently received pre-seed funding to launch a stablecoin, $USH, that will be pegged to its portfolio of home equity investments.

Brookfield to acquire majority stake in Angel Oak; Dominion Financial launches AI chatbots; Carrington Mortgage’s correspondent channel goes fully non-QM; Sachem Capital takes loss in 2024.

The yield on the benchmark 10-year Treasury has fallen in recent weeks but primary mortgage rates haven’t moved in lockstep.