HUD said its newly implemented technology upgrades will help homeowners and buyers more quickly locate housing counseling agencies.

The Mortgage Bankers Association said its members support the 40-year loan term as an additional loss-mitigation option, and not the only option.

HUD could bring resources to bear on the affordable housing supply challenge by conducting research, collecting data and looking to successes of the past, FHA Commissioner Julia Gordon said.

Fairway Independent Mortgage, Movement Mortgage and Caliber Home Mortgage were the top three lenders in USDA’s Rural Housing Service single-family housing guaranteed loan program.

Chair of the House Committee on Financial Services pledges support for housing-related funding; FHA plans webinar on manufactured housing; Ginnie Mae to hold training sessions for issuers; VA to award grants providing legal services to veterans at risk of homelessness; MISMO seeks comments on life-of-loan process model; USDA updates income limits for home loan program.

The settlement won’t prompt any changes to UWM’s policies or practices...

The impact of balance sheet reductions, which effect the supply of long-term securities, is more tangential.

Originations of adjustable-rate mortgages declined in the first quarter of 2022, but at a slower rate than the downturn in total first-lien production. ARMs accounted for 7.9% of total originations during the quarter. (Includes data chart.)

Spreads on expanded-credit MBS issuance have widened significantly this year as lenders sell mortgages originated prior to the runup in interest rates. Issuance has slowed but market participants are optimistic in the long term.

Some non-agency lenders will allow for investment-property mortgages underwritten based on the income generated by the property where the monthly rent doesn’t cover expenses for the property.