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Massachusetts Nonbank CRA Coverage a Model for California

August 17, 2023
Sam Manas
Consumer advocates are working to establish state Community Reinvestment Act requirements for nonbanks.
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Short Takes: It’s Game Time For Better / Past Losses / Just Two / An Improvement at LendingTree / Rocket’s Employee Buyouts

August 14, 2023
Paul Muolo
To date, there have been just two mortgage company SPAC/IPOs...
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McCargo Aims to Open Access to Ginnie Platform

August 11, 2023
Monica Hogan
The Ginnie president said the agency is working with the Federal Home Loan Banks and other government agencies to determine how they might aggregate loans from smaller lenders to give them access to the platform.
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Industry Wants VA to Seek Feedback on Loss-Mit Plan

August 11, 2023
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council have asked the VA to allow for a comment period before it finalizes a new veterans assistance servicing purchase program.
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MBA Urges Caution on FHA, USDA Energy Requirements

August 11, 2023
Monica Hogan
The Mortgage Bankers Association wants the Departments of Agriculture and Housing and Urban Development to consider the cost implications of their proposal on new energy standards for the construction of multifamily properties.
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FoA Reports Growing Pains From AAG Integration

August 11, 2023
Monica Hogan
Finance of America took a hit in the second quarter from the cost of integrating the operations of AAG into its business.
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VA Updates COVID-19 Loss-Mitigation Waterfall

August 11, 2023
Monica Hogan
VA stopped accepting new applications for its temporary COVID-19 partial claim payment program last October. A new circular updates the servicer waterfall to reflect current home retention options.
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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.
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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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