The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.
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.
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.)
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.