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News Briefs

December 9, 2022
Namrata Bhatia
Invictus rolls out $755.6 million non-QM securitization; Angel Oak Mortgage responds to rumors; Carrington Mortgage Services launches second-lien product.
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Gordon Hopes FHA MIP Cut Process Won’t Drag On Too Long

December 9, 2022
Monica Hogan
Commissioner Julia Gordon said FHA is considering all the potential pieces of a mortgage insurance premium cut, including the upfront premium and the life-of-loan requirements.
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HUD Lagging on Hundreds of OIG Recommendations, Report Says

December 9, 2022
Monica Hogan
The Office of Inspector General says the Department of Housing and Urban Development could realize a $19 billion savings if it implemented them all.
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HUD Fund Could Offset Cost of Originating Small Loans, MBA Says

December 9, 2022
Monica Hogan
The Mortgage Bankers Association and others in the mortgage lending and affordable housing communities commented on an FHA request for information on the challenges of small-balance mortgage lending.
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HUD Proposes Rules to Strengthen Indian Home Loan Program

December 9, 2022
Monica Hogan
The Department of Housing and Urban Development wants to increase lender participation in its Section 184 program to meet increased borrower demand for housing financing on tribal trust lands.
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Senate VA Committee Leaders Recommit Support for NADL Legislation

December 9, 2022
Monica Hogan
The legislation would give Native veterans more opportunities to purchase, refinance and renovate properties on tribal lands through VA’s Native American direct loans.
Read More

Around the Industry

December 9, 2022
Monica Hogan
FHA announces 2023 loan limits; VA circular describes interplay of conforming loan limits and VA entitlement; Ginnie makes VA lending recommendations; Ginnie offers new flexibilities for issuer financial eligibility requirements; FHA extends temporary loss-mitigation waivers; HUD IG issues reverse mortgage scam warning.
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NYDFS Uncovers Racial Lending Disparities but No Fair Lending Law Violations

December 9, 2022
Sam Manas
The New York regulator has ongoing investigations into other lenders in Buffalo, Rochester, Syracuse and Long Island.
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When It Comes to Mortgage M&A, ‘Asset Sales’ Dominate

December 9, 2022
Paul Muolo
“There’s been a lot of conversations going on,” said Chuck Klein, managing partner of Mortgage Banking Solutions...
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With Prepayment Maneuver, 83% of Invitation’s SFRs Are Unencumbered 

December 9, 2022
Paul Muolo
Invitation Homes owns roughly 80,000 SFRs throughout the U.S.
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