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Ginnie Reduces HMBS Pool Minimum

February 16, 2023
Monica Hogan
Ginnie Mae has reduced the required minimum size for its Home Equity Conversion mortgage-backed securities pools from $1 million to $250,000.
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Older Borrowers Face Trouble With Mortgage Approvals

February 16, 2023
Monica Hogan
Mortgage applicant rejection rates rise substantially with age, according to a new study...
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Tribal Housing Interests to Meet in DC

February 16, 2023
Monica Hogan
The National American Indian Housing Council plans to gather next month in Washington, DC, for a conference and to meet with federal legislators.
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Investor Properties Lead Non-Agency Collateral

February 16, 2023
Brandon Ivey
In recent weeks, investment-property loans accounted for the majority of collateral in non-agency mortgage-backed securities.
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Freddie Abruptly Postpones Earnings Release

February 15, 2023
Dennis Hollier
The late announcement and unexpected delay of the financial release will likely set tongues wagging in the mortgage industry.
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HFSC Chair Considered Pragmatic, Affable Despite Rhetoric

February 14, 2023
Dennis Hollier
After years spent in opposition, House Financial Services Committee Chair Patrick McHenry, R-NC, has used recent hearings to criticize various housing policies brought under Democrats.
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Non-QM Program, Three Years Dead, Haunts Sterling Bank

February 14, 2023
Brandon Ivey
Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.
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HomeLend, New Non-QM Conduit, Courting Foreign Investment

February 14, 2023
Paul Muolo
The new firm, based out of New York, matches investors and lenders and wants to enter the securitization space this year.
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After COVID-Era Success, FHA Boosts Loss-Mitigation Efforts

February 10, 2023
Monica Hogan
FHA will expand its loss-mitigation options to borrowers at risk of default even if COVID-19 wasn’t the cause of their economic challenges.
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UI Proposes FHA, VA Adopt AVMs in Appraisals

February 10, 2023
Monica Hogan
The Urban Institute has called on federal housing agencies to accommodate automated valuation models as their starting points, with human appraisers checking the accuracy of the data as a back-up.
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