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VA Seeks New Tech for Specially Adapted Housing

February 4, 2022
Monica Hogan
Through its Loan Guaranty Service, the Veterans Benefits Administration is making fiscal 2022 funding grants available to encourage the development of new assistive technologies for adapted housing.
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FHA Housing Counseling Program Announces Grants

February 4, 2022
Monica Hogan
The Department of Housing and Urban Development will provide $51.4 million in grants to support FHA’s housing counseling program.
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Around the Industry

February 4, 2022
Monica Hogan
Ginnie announces 18-month transition for single-family home and manufactured housing program issuers to its new single-family pool delivery module; Ginnie streamlines documentation requirements for servicers helping borrowers through advanced loan modifications.
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A Reprieve for Now: Agency MBS Issuance Holds Steady

February 4, 2022
John Bancroft
Total Ginnie issuance was down 3.2% largely due to an 18.7% collapse in rate-term refinance.
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During a Tough Week, loanDepot Shores Up Its Credit Lines

February 4, 2022
Paul Muolo
During the firm’s earnings call, founder and CEO Anthony Hsieh assured analysts the nonbank has plenty of liquidity and will gain market share in the year ahead.
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Not a Good Month for Originations: January. Now What?

February 4, 2022
Paul Muolo
The general consensus among executives and loan officers over the past two weeks is that layoffs likely are on the way — it’s just a matter of when.
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Experts Call for Increased ADU Financing

February 4, 2022
Monica Hogan
Where does the mortgage industry fit in? “The biggest barrier left to scaling up ADUs is finance,” said Karen Chapple, a professor from the University of California at Berkeley.
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Expanded-Credit MBS Issuers Branch Out from Typical Practices

February 4, 2022
Brandon Ivey
Angel Oak is sourcing loans from lenders beyond its affiliates, Invictus reached a diversification milestone and Angelo Gordon went the other way, sponsoring a deal with loans from just one lender.
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Jumbo-Conforming Rate Spreads Narrow Once Again

February 4, 2022
Brandon Ivey
Loan-level details from CoreLogic provide a comparison of interest rates charged on jumbos and conventional mortgages. One finding: Spreads returned to pre-pandemic levels in the second half of 2021.
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Non-Agency MBS Servicing Volume for SPS Leaps in Fourth Quarter

February 4, 2022
Brandon Ivey
Select Portfolio Servicing added nearly twice as much servicing from just-issued non-agency MBS in the fourth quarter as it did in the third. Shellpoint remains the largest servicer of recently issued non-agency MBS. (Includes data chart.)
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