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Lenders Call for Updates to FHA Condo Loan Process

May 11, 2023
Monica Hogan
The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans.
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As Banks Falter, Annaly Sees an Opportunity in Jumbos, EC...

May 8, 2023
James Dohnert
Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...
Read More

FHA Hears From Lenders on Proposed Flood Risk Rule

May 5, 2023
Monica Hogan
Remarks included concerns regarding the costs of complying with FHA’s proposed revision to minimum property standards for flood hazard exposure.
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MBA Calls on FHA to Align Rehab Policies With GSEs

May 5, 2023
Monica Hogan
The success of the Section 203(k) program depends on reforms that would make it more accessible for borrowers and operationally feasible for lenders, according to the Mortgage Bankers Association.
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Ginnie Loan Removals Subdued in First Quarter

May 5, 2023
Andras Malatinszky
Loan removals from Ginnie Mae MBS fell to their lowest point in at least four years as payoffs, defaults and loss mitigation all ebbed in the first quarter of 2023. (Includes data chart.)
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CHLA Backs FHA, Ginnie FY24 Budget Requests

May 5, 2023
Monica Hogan
The Community Home Lenders of America asked leaders of the congressional appropriations committees to fully fund FHA’s and Ginnie Mae’s fiscal 2024 budget requests for salaries and administrative expenses.
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Industry Welcomes FHA’s HECM Plan, But Wants More

May 5, 2023
Monica Hogan
The Mortgage Bankers Association wants FHA to extend to all lenders certain documentation waivers recently made available to Reverse Mortgage Funding transferees.
Read More

Around the Industry

May 5, 2023
Monica Hogan
VA extends COVID-19-related forbearance request deadline; HUD reduces fees for Section 184 loans; MBA asks Congress to authorize rural ADU financing; FHA outlines effective dates for LIBOR transition.
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First Republic’s Failure Creates Jumbo-Sized Hole

May 5, 2023
James Dohnert
The sale of First Republic Bank to Chase has opened a door for nonbanks hoping to expand in the jumbo market.
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Redwood Preps for Jumbo Moves Amid Bank Woes

May 5, 2023
James Dohnert
Redwood envisions a strong year for its jumbo conduit businesses amid turmoil in the bank sector.
Read More
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