Developers planning to apply for FHA financing for multifamily units have to wait until Congress reaches an agreement to fund the government, prompting an application backlog.
The Mortgage Bankers Association and the National Reverse Mortgage Lenders Association requested that Google modify its rules to permit advertising FHA home equity conversion mortgages to seniors.
Annaly Capital Management and its subsidiary, Onslow Bay Financial, had a strong third quarter, with $2.3 billion in locks of expanded-credit mortgages.
The company has expanded its issuance of non-agency MBS beyond GSE-eligible mortgages for non-owner-occupied properties, adding traditional GSE mortgages to the mix.
Redwood Trust’s core operations were profitable in the third quarter, including record mortgage acquisitions. However, sales of legacy assets prompted a loss at the real estate investment trust.
The mortgage-banking division of Rithm Capital originated $1.0 billion of non-qualified mortgages in the third quarter, up 42.9% from the previous quarter.