Pentagon Federal Credit Union, commonly known as PenFed, has entered the arena of lending money to nonbank primary market originators. Details? So far, there are few.
UI researchers suggest policymakers ensure public investments are equitably distributed across communities because increasing minority homeownership alone won’t be enough to close the gap in housing wealth.
Nick Maciunas, head of agency research at JPMorgan, spoke about how COVID-related forbearance loan modifications may impact Ginnie investors during a recent podcast hosted by the agency.
The bulk market for MSR sales has never been better, and that’s a bit of a problem. Activity is so robust that due diligence reviews are piling up, delaying deal closings. A good problem to have? It depends on your profit goals.
Non-QMs offer the promise of strong margins and a product to replace refinance volume. They also account for a miniscule portion of mortgage originations.
Senate Republicans say they’re prepared to let the current debt ceiling lapse if Democrats won’t use the budget reconciliation process to pass it on their own, with implications for the GSEs.
FHA must do more to ensure its lenders approve only loans for borrowers who meet the program’s statutory, regulatory and eligibility requirements, the HUD’s internal auditor said.
The report, alongside several other federal agency reports, addresses how the government will act in creating new standards to protect communities and mitigate climate change’s economic effects.