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AEI Fellows Call for Building Sustainable Homeownership

November 22, 2024
Monica Hogan
Speakers at the AEI Housing Center’s annual conference said the biggest negative of first-time homebuyer assistance policy is pushing borrowers to buy before they’re ready.
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FHA Proposes Updates to Rental Income Underwriting

November 22, 2024
Monica Hogan
Among the proposed revisions, FHA would reduce the requirement for rental income history from boarders from two years to 12 months.
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Around the Industry

November 22, 2024
Monica Hogan
Trump nominates Doug Collins as VA secretary; VA proposes revisions to loan loss reporting requirements; USDA to update technical handbook; HUD extends compliance deadline for rule on modernizing engagement with borrowers in default.
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Government-Insured Lending Rises During 3Q

November 22, 2024
Brandon Ivey
Government lending increased by 14.5% while the rest of the market rose just 4.3%.
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Rithm Releases $400+ Million MSR Securitization

November 22, 2024
Paul Muolo
The initial offering size was $378 million, but Rithm said the deal was increased due to "demand for the securitization's unique structure and underlying asset portfolio."
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GSEs, FHLBanks Partner to Boost Housing in Tribal Lands

November 22, 2024
Dennis Hollier
Two new partnerships were announced this month that will help assist with housing access on tribal lands.
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Short Takes: Existing Home Sales Rise / Bilt Launches New Program / HomeLight Partners With Orchard / Correction

November 22, 2024
Shannon Clark
Although existing home sales rose in October, the housing market is on track for its worst year in over a decade, according to Molly Boesel, principal economist at CoreLogic.
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Value of Bank Residential MBS Turns Higher in 3Q

November 21, 2024
John Bancroft
Most of the banking industry’s biggest players in residential MBS reported substantial increases in the value of their holdings in the third quarter. (Includes two data tables.)
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CFPB Asks Supreme Court to Quash Petitions in ABS Case

November 21, 2024
Shannon Clark
The student loan ABS trusts and two industry trade groups have filed separate petitions asking the Supreme Court to review the case.
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Rithm Issues Securitization Tied to MSR

November 21, 2024
Paul Muolo
Rithm Capital hasn’t released many details on its new security backed by MSR, but its CEO Michael Nierenberg calls the transaction “novel” and market participants expect to see more such issuance.
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