When the measure was first introduced, one housing lobbyist quipped: “This is like someone laying on their death after drinking and sinning and finally realizing they need to get baptized. This is not being introduced for good political reasons.”

Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.

OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”

Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission.

Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.

The specific nature of the allegations was not disclosed…

KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…

The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.

The FHA has announced plans to improve the web-based system lenders use to submit appraisal reports to the agency.

The U.S. Department of Agriculture’s Rural Housing Service has issued guidance regarding short sales and sale of real estate-owned properties backed by rural housing loans.