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MBA Urges Caution on FHA, USDA Energy Requirements

August 11, 2023
Monica Hogan
The Mortgage Bankers Association wants the Departments of Agriculture and Housing and Urban Development to consider the cost implications of their proposal on new energy standards for the construction of multifamily properties.
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FoA Reports Growing Pains From AAG Integration

August 11, 2023
Monica Hogan
Finance of America took a hit in the second quarter from the cost of integrating the operations of AAG into its business.
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VA Updates COVID-19 Loss-Mitigation Waterfall

August 11, 2023
Monica Hogan
VA stopped accepting new applications for its temporary COVID-19 partial claim payment program last October. A new circular updates the servicer waterfall to reflect current home retention options.
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Appraisal Bias Key to NAREB, HUD Partnership

August 11, 2023
Monica Hogan
The Department of Housing and Urban Development and the National Association of Real Estate Brokers are partnering to help address appraisal bias through professional training and consumer education.
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Around the Industry

August 11, 2023
Monica Hogan
The delinquency rates on FHA and VA loans decline; USDA revises areas that no longer qualify as “rural” under its single-family housing program; FHA has released updates to its single-family housing policy handbook.
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MFA Posts Loss in 2Q Due to Portfolio Markdown

August 11, 2023
James Dohnert
MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.
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AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC

August 11, 2023
James Dohnert
On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages.
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Velocity Sees Loan Portfolio Growth as Banks Pull Back

August 11, 2023
James Dohnert
Velocity Financial increased loan production in the second quarter as demand for business-purpose loans spiked.
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Angel Oak REIT to Ramp Up Securitizations After 2Q Losses

August 11, 2023
James Dohnert
Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.
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M&A Activity Up in the Non-Agency Market

August 11, 2023
James Dohnert
Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.
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