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Appraisal Bias Key to NAREB, HUD Partnership

August 11, 2023
Monica Hogan
The Department of Housing and Urban Development and the National Association of Real Estate Brokers are partnering to help address appraisal bias through professional training and consumer education.
Read More

Around the Industry

August 11, 2023
Monica Hogan
The delinquency rates on FHA and VA loans decline; USDA revises areas that no longer qualify as “rural” under its single-family housing program; FHA has released updates to its single-family housing policy handbook.
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MFA Posts Loss in 2Q Due to Portfolio Markdown

August 11, 2023
James Dohnert
MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.
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AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC

August 11, 2023
James Dohnert
On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages.
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Velocity Sees Loan Portfolio Growth as Banks Pull Back

August 11, 2023
James Dohnert
Velocity Financial increased loan production in the second quarter as demand for business-purpose loans spiked.
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Angel Oak REIT to Ramp Up Securitizations After 2Q Losses

August 11, 2023
James Dohnert
Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.
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M&A Activity Up in the Non-Agency Market

August 11, 2023
James Dohnert
Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.
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News Briefs

August 11, 2023
James Dohnert
Slate of new MBS announced; A&D offers high-FICO discount on non-QMs, UWM updates jumbo program; Stellar approved for due diligence by DBRS Morningstar.
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Ginnie Mae Wants to Help Nonbanks Cope With High Interest Rates

August 11, 2023
Monica Hogan
Ginnie President says nonbank liquidity problems due to high interest rates are "the biggest challenge of our time."
Read More

Select Portfolio Servicing Placed Into a ‘Bad Bank’?

August 11, 2023
Paul Muolo
Has UBS given up on owning a servicer?
Read More
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