Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires.

Without additional funding support, nonbanks don’t have options to fund servicing advances for loans that are 90 or more days past due, former Ginnie Mae President Ted Tozer said.

The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board.

The Congressional Budget Office last week released its cost estimate on a House bill that seeks to administer housing assistance programs.

The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases.

The USDA’s Rural Housing Service is proposing to allow more borrowers to purchase existing manufactured homes.

HUD extends public benefits program comment period by 30 days; FHA seeks director of single-family program development; CFPB fines a top VA lender.

The proposed capital standards were cited as one of the reasons by S&P for its decision this week to lower ratings of five regional bank.

As interest rate volatility rocks the secondary market, industry leaders are working on building strong relationships with loan officers.

These are trying times in the residential finance market. Mortgage rates are high, bond prices are falling and there’s a concern about a lack of MBS buyers. What to do? Let the Fed know how mad you are.