Jeffrey Weidell, CEO of Northmarq, testified before a House oversight subcommittee last month on behalf of the MBA.

Improvements to the FHA home equity conversion mortgage program will help seniors maintain housing stability and financial security in retirement, according to Urban Institute’s Amalie Zinn.

FHA plans outreach and training to lenders and appraisers on the rule’s impact.

The course will focus on issues that originators might not yet have encountered, such as how to handle a VA loan assumption.

Former Ginnie Mae President Alanna McCargo joins FHLB San Francisco; industry and consumer groups support VA supplemental rulemaking on IRRRL program; VA drafting rule on ARMs.

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls.

The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks.

New York Mortgage Trust acquired $302.0 million of business-purpose loans in the first quarter, a 30% increase from the prior period.

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio.

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.