Mortgage servicers didn’t always sufficiently comply with FHA loss-mitigation requirements for borrowers whose COVID-19-related forbearance had ended, the inspector general for the Department of Housing and Urban Development said this week.

Ingrid Ripley, executive director of USDA RD’s single-family home guarantee program, said construction lending and manufactured housing loans will help address the housing supply issue in rural America.

Ginnie extends e-Sign use; HUD OIG to testify before congressional committee; FHA Catalyst claims module will require new user information; USDA updates single-family housing handbook; HUD lifts cap on multifamily loans for low-income housing tax credit pilot.

Change Mortgage’s unique approach to underwriting for underserved communities has earned the CDFI its first AAA-rated security.

The share of no- or sub-ratio loans in the DSCR space rose to 43.7% in the first quarter of 2023, according to DBRS. A ratio of less than 1.0 indicates monthly rent doesn’t fully cover loan payments.

Renewed calls for standardization come with potential challenges unique to the non-QM sector.

The lender’s lawsuit alleges that a former account executive took private broker information from the company’s database and broke the lender’s noncompete clause.

Maryland passed legislation with new standards for shared appreciation agreements as the niche sector continues to see strong demand from homebuyers.

Surge of non-agency MBS hits market; Redwood partners with Oaktree on business-purpose loans; A&D Mortgage launches second-mortgage product; former First Republic CEO appointed to lead Turkey’s central bank.

Money-market funds were the most aggressive buyers of MBS during the first quarter, and analysts think demand from the sector will last. (Includes three data charts.)