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HUD Spending Bill Ready For Vote by Full Senate

August 2, 2024
Monica Hogan
Under the proposed legislation, FHA would receive $155 million for administrative contract expenses for fiscal year 2025.
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RHS Launches Demonstration Loss-Mitigation Program

August 2, 2024
Monica Hogan
The last-resort Payment Supplement Account demonstration program will be in effect until July 24, 2026.
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NAHB Backs Bill to Rescind New Energy Efficiency Rules

August 2, 2024
Monica Hogan
The National Association of Home Builders has asked its members to support a bill that would stop FHA and the U.S. Department of Agriculture’s Rural Housing Service from adopting the 2021 International Energy Efficiency Code.
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Around the Industry

August 2, 2024
Monica Hogan
VA releases WebLGY system enhancement for veteran-paid buyer-broker charges; HUD updates debenture interest rates for FHA loans; FHA extends foreclosure moratorium in Maui, HI; Finance of America conducts 1-for-10 reverse stock split; MBA asks HUD for six-month extension for implementing new reconsideration of value policies.
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Lingering Concerns About CFPB and MBS/ABS

August 1, 2024
Shannon Clark
Additional litigation involving ABS could come from the bureau, according to Structured Finance Association CEO Michael Bright.
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UBS Sues BofA for Failure to Pay Decade-Old Legal Fees

August 1, 2024
Shannon Clark
UBS is seeking at least $200 million from the bank for failing to pay legal fees for two lawsuits dating back to 2010.
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GreenSky, Goldman Fix Up Home-Improvement ABS

August 1, 2024
James Dohnert
A new issuance from GreenSky adds to a growing securitized home-improvement loan market.
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Diversification Helps Fannie CRT Following Hurricane Beryl

August 1, 2024
Dennis Hollier
Fannie Mae releases data on the potential impact the historic storm may have had on CAS and CIRT deals.
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Mr. Cooper Grows as NYCB Scales Back on Mortgages

August 1, 2024
Brandon Ivey
The servicing acquisition from Flagstar puts Mr. Cooper’s pro forma portfolio at the end of June at about 31% higher.
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GSE Profits Slow to Respond to Market Improvement

August 1, 2024
Dennis Hollier
Second-quarter acquisitions increased at the government-sponsored enterprises, but profits remained stable as credit reserves shifted.
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