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Sen. Warren Urges FHFA to Enforce Housing Obligations Upon the FHLBs

June 10, 2024
Dennis Hollier
The senator says the FHLBs, which will receive $7.3 billion in federal subsidies this year, paid a whopping $3.4 billion in dividends to members...
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Prime Non-Agency MBS Picks Up in Early June

June 7, 2024
James Dohnert
Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.
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News Briefs

June 7, 2024
James Dohnert
A&D announces new pricing tiers for DSCR loans; REMN Wholesale announces June pricing special; Acra has record-breaking May; Champions hires new VP of underwriting.
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MIP, Homeowners Insurance Pose Challenges to HECM Program

June 7, 2024
Monica Hogan
FHA is reviewing a proposal from the National Reverse Mortgage Lenders Association to cut the upfront mortgage insurance premium on home equity conversion mortgages.
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VA Calls for Targeted Foreclosure Moratorium

June 7, 2024
Monica Hogan
The Department of Veterans Affairs said the temporary pause will help fill the gap until servicers fully implement the Veterans Affairs Servicing Purchase home-retention program.
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Gordon Highlights FHA Loss Mitigation, MIP Cut

June 7, 2024
Monica Hogan
FHA Commissioner Julia Gordon spoke recently with Wendy Penny, associate vice president of affordable housing initiatives at the Mortgage Bankers Association.
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Ginnie Updates on Plans for New HMBS Product

June 7, 2024
Monica Hogan
Ginnie Mae plans to release a term sheet in June on a new security backed by FHA home equity conversion mortgages.
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Bank Exits Didn’t Improve FHA Underwriting Quality

June 7, 2024
Monica Hogan
A new study has found no discernible effect in FHA loan underwriting following the wave of DOJ lawsuits post 2008 to crack down on reckless mortgage lending by banks.
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Officials Highlight Variations in Government Home Loan Programs

June 7, 2024
Monica Hogan
The government home loan programs have different eligibility requirements for Native American borrowers based on geography and income levels.
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Around the Industry

June 7, 2024
Monica Hogan
VA issues circular on upcoming changes to its full file loan review submission process; FHA launches case binder module updates to its Catalyst system; FHA releases pre-recorded webinar for first-time homebuyers.
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