Lenders will no longer be able to edit appraisals in FHA’s Electronic Appraisal Delivery portal. They will have to submit a corrected appraisal to update the field.
Concerned with the increasing number of nonbank lenders in the mortgage market and tight liquidity conditions, Ginnie Mae has started developing stress tests for its largest issuers.
Lawmakers and mortgage market players are watching whether the Trump administration will petition the U.S. Supreme Court to reverse a circuit court decision extending medical and disability benefits to war veterans who fell ill due to exposure to Agent Orange while serving in the territorial waters of Vietnam.
Ginnie Mae will not be able to conform its pooling requirements to the VA interim final rule on cash-out refinancing because doing so would be contrary to the provisions of the Dodd-Frank reform act, the agency noted.
FHA delinquency rates fell 26.4 basis points between December and January and were down 14.1 bps over an eight-month period ending January, according to the Inside FHA/VA Lending database. [Includes one data chart.]
Ginnie Mae saw a modest increase in issuance of single-family mortgage-backed securities in January, according to an Inside FHA/VA Lending analysis of MBS disclosures. [Includes one data chart.]
CFPB Releases Small Entity Compliance Guide for Payday Rule; CFPB Updates List of Rural and Under-served Counties; CFPB Seeks Assistant Director for the Office of Regulations.
The CFPB intends to bring an enforcement action against Equifax over the massive data breach in 2017 that exposed personal information of more than 140 million people, according to a new filing with the Securities and Exchange Commission.
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