Appraisers are supposed to adjust the value of comparable properties to account for home price appreciation. FHFA found that most either don’t make these time adjustments or make them too small.

The amount of fix-and-flip properties sold in the third quarter of last year was down slightly but investors are hopeful that the market will pick up steam in 2024.

Reverse mortgage lenders funded $3.95 billion in new home equity conversion mortgages in the third quarter, a 17.9% increase from the previous period. Year to date, though, HECM endorsements lagged.

Industry participants are asking Congress to fully fund the salary and expense requests for both FHA and Ginnie Mae during the fiscal 2024 budget appropriations reconciliation.

FHA and VA lenders are gearing up for an uptick in purchase, refinance and renovation loans in the new year.

Industry and consumer groups want the VA’s upcoming Veterans Assistance Servicing Purchase loss-mitigation program to target borrower payment reduction, not a single interest rate target.

Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person.

VA issued a reminder on loan assumption requirements; Fannie to update Desktop Underwriter with FHA/VA loan limits on Jan. 20.

What’s the latest with Ginnie’s management of $19.5 billion in HECMs under its control thanks to the failure of RMF? Hard to say. But it appears that Carrington is handling the servicing chores, possibly, through a subservicer.

Industry veteran Chris Bennett explains why the five-year Treasury is the proper benchmark for current coupon MBS.