Of the $1.7 trillion included in the spending bill, $58.2 billion would go to the Department of Housing and Urban Development.

Under FHA’s index approach, loan limits would be based on a yearly analysis of prices and Census bureau property data.

The VA Housing Loan Forever Act of 2022 would provide the VA home guarantee benefit to descendants of minority veterans who were unjustly denied access to the program.

Responding to a federal Interagency Community Investment Committee request for information, mortgage lender trade groups and housing advocates asked for more funding for community development financial institutions that provide home loans in underserved communities.

Senate passes VA home loan benefit legislation; FHA allows HECM property charges repayment plan; FHA lenders can continue face-to-face interview alternatives; VA releases new loan review API; and more.

United Wholesale Mortgage is offering prime jumbo borrowers a 2-1 or 1-0 temporary rate buydown.  Meanwhile, A&D Mortgage announced temporary 3-2-1- and 2-1 rate buydowns.

Depositories grew their first-lien portfolios during the third quarter. JPMorgan was the only bank among the top 10 to report a sequential decline. (Includes data chart.)

Three of the four mortgage securitizations brought to the market this month include large proportions of investment-property loans.

A recent ruling by a California appeals court tied to default interest charges by lenders and servicers could have national implications, according to industry attorneys.

Why spend the money suing competitors? As a deterrent...