A lack of inventory and rising interest rates are driving a slowdown in availability of rental units. And investors are reassessing their portfolios.

New non-QM MBS; Figure gains new private label partners; CFPB weighs in on TILA case; Guaranteed Rate takes full ownership of relocation mortgage specialist; AG Mortgage Investment Trust bids on Western Asset Mortgage Capital; A&D improves second-loan pricing.

After falling below $100 billion in each of the previous two periods, Ginnie Mae issuance turned a corner in the second quarter. But volume is still far off the numbers for most of the past four years. (Includes four data charts.)

The proposed program could be improved by simplifying communications with borrowers and making changes that expand the number of borrowers who can be helped, industry and consumer groups said.

Allowing lenders to provide downpayment assistance on FHA loans would extend homeownership to underserved borrowers who have a difficult time amassing even a 3.5% downpayment, the former Ginnie Mae president said.

Whistleblowers bringing False Claims Act complaints against FHA lenders must provide material evidence of harm, an appeals court ruled.

The False Claims Act violations related to underwriting and quality control on FHA and VA loans, the Department of Justice said.

Department of Housing and Urban Development programs would be funded at much lower levels than those called for in President Biden’s budget proposal under a fiscal 2024 bill introduced in the House this week.

Lenders have new obligations to the FHA when they default on making home equity conversion mortgage disbursements, according to a policy finalized this week.

USDA deputy secretary confirmed; HUD seeks comments on burdens facing FHA lenders in maintaining eligibility; Ginnie Mae expands LMI disclosure initiative; and more.