HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.
HUD to shift headquarters; FHA lending update; VA launches improved help desk; FHA looks into BNPL; organizations sue HUD over Fair Housing Act grants.
Delinquencies on securitized non-qualified mortgages have increased but MBS investors have largely avoided losses to this point thanks to structural protections and improved underwriting.
In the luxury home space, 31% of repeat buyers are using cash, keeping all-cash purchases strong. Also, younger buyers who fit into the move-up buyer category are beginning to flood the luxury market.
Impairment rate on securitized non-QMs rises in May; Rocket offering bridge loans; architecture firm to acquire non-QM lender; Chimera unit aggregating HEIs for securitization.
Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.