Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.

In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.

Homeowner equity hit an all-time high in the first half of 2019, thanks to rising real estate values, according to a recent report from CoreLogic.

FirstKey Mortgage is prepping a rare residential MBS backed entirely by manufactured-home loans.

The bureau has finalized three policies in order to promote innovation in the financial services industry.

A coalition of the nation’s largest lenders, trade groups and consumer advocacy groups have suggested the elimination of the DTI ratio cap and the associated Appendix Q. However, the MBA and Democratic lawmakers have urged the bureau to tread cautiously.

Seller repurchases of Fannie/Freddie loans rose 17% from the first to the second quarter, with 82% of them related to loans securitized in 2018 and 2019.

Data from the MBA performance study suggest that improved efficiency and strong originations were key to increased production income.

Eli Global, the owner of three active mortgage lenders, has a new name — Global Growth — and a new chairman — George Vandeman. Meanwhile, founder Greg Lindberg remains the sole owner of Eli.