FHA and the government-sponsored enterprises could do more to expand consumer access to mortgage credit if they collaborate, according to the Urban Institute’s Housing Finance Policy Center.
The proposed rule would expand the methods of communication servicers can use to reach borrowers in default in order to comply with HUD’s face-to-face meeting requirements.
Sterling Bank and Trust leadership said they were optimistic that they will be able to move forward after paying $27.2 million in restitution to shareholders tied to fraud on a shuttered non-QM program.
Investors are getting pickier on what they’re willing to pay for non-QM paper, at least compared to earlier in the year. Meanwhile, Acra Lending is once again toying with the idea of issuing its own MBS.