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Former FHFA Director Calabria in Boardland

July 11, 2022
Dennis Hollier

Evolve must have been a big fan of of Calabria's. In its press statement announcing the hire, it referred to him as an "industry legend."


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Coming Government Rule Changes: A Busy FHA

July 11, 2022
Monica Hogan
Another possible change: A notice of proposed rulemaking is scheduled in April 2023 to address reductions on servicing costs...
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Short Takes: Is Help on the Way? (Lending Margins) / Some Evidence / Expectations of Wells / Staff Reductions, Finding Positions / Lower FHA Premiums?

July 11, 2022
Paul Muolo
Wells Fargo said roughly 35% of the mortgage workers it cut are "moving into other roles" within the bank...
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HUD’s Spring Regulatory Agenda Shows a Busy FHA

July 8, 2022
Monica Hogan
The Department of Housing and Urban Development’s latest regulatory agenda has more than a dozen items related to either FHA or tribal home loan programs, including some pending rulemakings.
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FHA Expands COVID Relief Program

July 8, 2022
Monica Hogan
FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.
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VA to Boost Home Loan Outreach

July 8, 2022
Monica Hogan
The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.
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Mortgage Lender Charged With FHA Fraud Settles

July 8, 2022
Monica Hogan
American Financial Network has agreed to pay roughly $1 million to settle allegations it fraudulently originated FHA loans.
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Industry Urges Care in VA’s Proposed Servicer Tier Ranking

July 8, 2022
Monica Hogan
Commenters said the challenges that servicers face in responding to COVID-related loss-mitigation programs argue against a rush by VA to implement its servicer tier rankings.
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USDA Helps Reduce Costs for Homebuyers

July 8, 2022
Monica Hogan
The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.
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Around the Industry

July 8, 2022
Monica Hogan
FHA commissioner starts blog; HUD CFO sworn in; FHA plans competitive sale of vacant-home loans; FHA updates single-family policy handbook; HUD plans counseling conference; Ginnie posts roundtable video; HUD extends nomination deadline for tribal advisory committee; Congressional subcommittee considers 2023 appropriations; VA clarifies underwriting for hemp-related income.
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