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MSR Values Drift Down From Their Highs. The Ginnie Factor?

September 19, 2022
Paul Muolo
MIAC's Mike Carnes: MSRs remain an attractive asset to own, generating a nice return...
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Credit Suisse Unit Agrees to Purchase Assets of Subservicer Rushmore

September 19, 2022
Paul Muolo
At midyear, Rushmore was performing subservicing chores on roughly $45.0 billion of residential loans...
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Lenders Raise Loan Limits Ahead of FHFA, Again

September 19, 2022
Brandon Ivey
The loan limit hiking club includes Rocket Mortgage, UWM, PennyMac and others...
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Ginnie to Help Issuers Comply with Eligibility Requirements

September 16, 2022
Monica Hogan
Ginnie Mae is currently conducting one-on-one discussions to help issuers better understand the reasoning behind its new financial eligibility requirements that are set to take effect next year, the agency’s President Alanna McCargo said.
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MBA Urges White House Support for FHA MIP Cut

September 16, 2022
Monica Hogan
Four trade groups, including the Mortgage Bankers Association, are asking the White House’s National Economic Council to support a reduction in FHA mortgage insurance premiums.
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FHA to Allow Monthly Surplus Cash Distributions for MF Borrowers

September 16, 2022
Monica Hogan
The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.
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House Passes Bill to Improve Access to VA Home Loan Benefit

September 16, 2022
Monica Hogan
The House has passed a bill that would require VA to update the guidance and regulations of its home loan program, especially around appraisals.
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MBA Responds to FHA Plans to Modify Rehab Mortgage Program

September 16, 2022
Monica Hogan
The Mortgage Bankers Association has recommended changes to FHA’s plans to modify the 203(k) Rehabilitation Mortgage Insurance Program.
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HUD Seeks to Boost Small-Dollar Mortgage Lending

September 16, 2022
Monica Hogan
The Department of Housing and Urban Development said it is exploring ways to boost greater access to mortgage credit for homebuyers seeking smaller mortgage loans.
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Around the Industry

September 16, 2022
Monica Hogan
FHA pauses integration of Catalyst Electronic Appraisal Delivery module; VA sends proposed rule to OMB; House committee introduces bill to strengthen the Community Reinvestment Act; VA Financial Management System will be unavailable Oct. 1 to Oct. 5; Ginnie Mae to hold modernization outreach call; MBA survey shows uptick in government loan share of weekly mortgage applications.
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