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HECM Proposal Could Benefit From Tweaks: MBA

June 30, 2023
Monica Hogan
The Mortgage Bankers Association proposed some revisions of its own in response to an FHA proposal to change home equity conversion mortgage disbursements and defaults.
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HUD Enhances Multifamily Inspection Standards

June 30, 2023
Monica Hogan
While the rules don’t apply to single-family homes, the agency has programs to help seniors and others improve their residences and make them safer.
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Around the Industry

June 30, 2023
Monica Hogan
FHA raises large multifamily loan limits; VA moves regional loan center email systems; USDA issues standardized multifamily appraisal assignment guidance; HUD opens independent Office of Manufactured Housing Programs; USDA sets new interest rates for single-family direct home loan programs; and more.
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FHFA Updates RPL/NPL Sale Requirements

June 29, 2023
Dennis Hollier
New rules on NPL/RPL sales appear to address Congressional criticism of these programs, but FHFA data may belie those complaints.
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FHLB Criticism Misplaced, San Francisco CEO Says

June 29, 2023
Dennis Hollier
FHLB San Francisco CEO Teresa Bazemore argues that the system’s dual mandates of supporting housing and providing liquidity for FHLBank members are related.
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MISMO Approves Non-Agency MBS Data Standards

June 29, 2023
James Dohnert
The Mortgage Industry Standards Maintenance Organization released its private-label residential MBS specifications, aimed at making it easier for ratings services to review MBS.
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Maxex Raises Capital, Inks New Partnerships

June 29, 2023
James Dohnert
The new connections and funding are designed to make the loan trading platform available to more sellers, particularly those that focus on agency business.
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Insurers Concerned About Filing Exemption Proposal

June 29, 2023
Sam Manas
A proposal from the National Association of Insurance Commissioners gives NAIC wide discretion in assessing ratings on MBS and ABS.
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Stronger Enterprise Risk Management a Must-Have

June 29, 2023
Monica Hogan
Financial institutions must take a closer look at their enterprise risk management strategies, especially in the wake of recent events in the banking industry, a Ginnie Mae risk analyst warns.
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Industry Needs More Time, Data for Credit Score Shift

June 29, 2023
Dennis Hollier
A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.
Read More
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