The Mortgage Bankers Association and the Housing Policy Center have urged VA to extend the deadline to implement the Veterans Affairs Servicing Purchase loss-mitigation program though Dec. 31.
Researchers at the Urban Institute suggested alternatives to provide liquidity support to Ginnie Mae nonbank issuers and suggested that the Federal Housing Finance Agency be the prudential regulator for nonbanks.
The trade group urged the Department of Housing and Urban Development to roll back the minimum debt service coverage ratio and raise the maximum loan-to-cost ratios for FHA’s multifamily loan program.