House passes Build Back Better bill; lenders can send electronic submissions of multifamily mortgage applications in the FHA Catalyst; HUD will sell multiple pools of vacant properties from FHA’s reverse mortgage program; FHA announces job openings; the USDA appoints new administrator to the RHS.
The consensus is that FHFA Acting Director Sandra Thompson wants to cut LLPAs, but if she does, how do the government-sponsored enterprises pay for it?
Fannie Mae knows that the loans in its green programs aren’t necessarily super-green, but officials at the GSEs say incremental improvement in existing buildings is a major goal.
Ginnie Mae permits the use of eSignatures and remote online notarization for loan-modification agreements on paper mortgages. The agency received a thumbs-up from Mortgage Industry Standards Maintenance Organization.
The conventional-conforming market, which is dominated by Fannie Mae and Freddie Mac, accounted for 70.9% of first-lien originations through the first nine months of 2021.