The Community Home Lenders of America asked leaders of the congressional appropriations committees to fully fund FHA’s and Ginnie Mae’s fiscal 2024 budget requests for salaries and administrative expenses.

The Mortgage Bankers Association wants FHA to extend to all lenders certain documentation waivers recently made available to Reverse Mortgage Funding transferees.

VA extends COVID-19-related forbearance request deadline; HUD reduces fees for Section 184 loans; MBA asks Congress to authorize rural ADU financing; FHA outlines effective dates for LIBOR transition.

The sale of First Republic Bank to Chase has opened a door for nonbanks hoping to expand in the jumbo market.

Redwood envisions a strong year for its jumbo conduit businesses amid turmoil in the bank sector.

Annaly Capital Management plans to increase dedicated capital for its residential credit business with an emphasis on taking banks’ expanded-credit loans.

A growing community of non-QM lenders are providing funding for people working in the cannabis industry who can’t get traditional financing.

Angel Oak Mortgage operated at a breakeven level in the first quarter despite increased activity in new loan purchases and securitization.

Three new MBS hit the market; non-QM impairments declined in March; Impac Mortgage delisted from NYSE.

Banks have gone from being reliable buyers of agency MBS to cautious holders of the securities, prompting wider spreads and opportunities for nonbank investors.