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FHA Counselors Need Succession Planning: HUD

April 15, 2022
Monica Hogan
The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.
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VA Enhances Loan Review Options

April 15, 2022
Monica Hogan
VA lenders can now upload the closing and loan application datasets for loans selected for VA full-file loan review.
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Nursing-Home Owners Face Challenges, HUD OIG Reports

April 15, 2022
Monica Hogan
Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.
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Around the Industry

April 15, 2022
Monica Hogan
FHA, VA and USDA easing access to mortgage credit for borrowers with medical debt; Ginnie Mae appoints two new executives; FHA to hold vacant property sale exclusively for nonprofits and local and state government agencies.
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Expanded-Credit Deals Prop Up RMBS Issuance in 1Q22, Prime Jumbo Fades

April 15, 2022
John Bancroft
Prime non-agency MBS issuance fell 16.3% in the first quarter to $20.87 billion.
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Nonbank A-Paper Giants Ready to Test the Non-QM Market?

April 15, 2022
Paul Muolo
It was thought that once UWM made the move, several of its nonbank competitors would jump on the bandwagon...
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Lenders Far and Wide Slam 'Junk Fees' Rule

April 15, 2022
Sam Manas
MBA believes the proposal would "only serve to add complexity and cost to lender operations and confuse consumers"...
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Additional Servicing Auctions Come to Light

April 15, 2022
Paul Muolo
The odds of these receivables refinancing anytime soon? Probably not very high.
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loanDepot Rises to Top Originator of Loans in Prime Non-Agency MBS

April 15, 2022
Brandon Ivey
Prime non-agency MBS issuance declined by nearly 20% on a sequential basis in the first quarter of 2022. However, loanDepot nearly doubled its activity in the market during that span. (Includes three data charts.)
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First Republic Increases Jumbo-Focused Production in First Quarter

April 15, 2022
Brandon Ivey
Originations of jumbo mortgages increased at First Republic Bank despite rising interest rates. Officials at the bank said a number of factors led to the nearly 20% increase in originations during the January-March cycle.
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