At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

To date, Treasury has approved HAF plans from 176 tribes.

Industry stakeholders are calling for regulatory and legislative changes to support the FHA Title I manufactured housing program.

Ginnie details buyout authority for loans impacted by hurricanes; HUD seeks comments on inflation-adjusted civil penalty policy; VA extends recission date for COVID-related relief; CFPB issues RFI on refis; VA submits loss-mit rule to OMB; Senate approves stopgap spending bill.

Retention bonuses that could reach 300% of base pay also were granted...

MBA's John Mechem: "The COVID pandemic forced us to move all our in-person conferences in the covered period to online"...

Even with less competition from the non-agency market, the GSEs securitized only 81.5% of conventional-conforming originations in 2Q...

Under the settlement, the bank will invest at least $12 million in a loan subsidy fund for the affected areas...

Borrowers and lenders increased their emphasis on ARMs in the second quarter as interest rates continued to spike. The loans accounted for more than 12% of total originations during that time. (Includes data chart.)

Banks and thrifts added a significant amount of first liens, with a focus on adjustable-rate mortgages, to their portfolios in the second quarter. Overall, holdings increased by 4.2% between March and June. (Includes data chart.)