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Not Going Anywhere: HUD Secretary Ben Carson

December 21, 2018
Paul Muolo
Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.
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Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

December 20, 2018
John Bancroft
Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…
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FHA Drops Warranty Requirements for New Single-Family Construction

December 19, 2018
George Brooks
FHA says positive trends in the housing sector have weakened the need for the multi-year warranty.
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Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

December 17, 2018
Paul Muolo
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
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FHA and VA Introduce New Loan Limits for 2019

December 17, 2018
George Brooks
FHA will increase its floor for forward mortgages to $314,827 from $294,515.
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Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years

December 17, 2018
John Bancroft
Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…
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What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client

December 14, 2018
Paul Muolo
The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”
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GNMA Data Reveal Sharp Increase in FHA Risk Layering Over 2 Years

December 14, 2018
FHA officials have sounded alarms over the rising concentration of higher-risk loans in new business. An exclusive new Inside FHA/VA Lending analysis shows they have good reason to be concerned. (chart)
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Correspondents Still Dominating FHA/VA Originations in 3Q18

December 14, 2018
Correspondent-production platforms regained a smidgeon of market share in government-insured lending during the third quarter, according to a new Inside FHA/VA Lending analysis. (chart)
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Borrowers on FICO’s Lower End Save More on FHA Cash-Out Refis

December 14, 2018
The ability to extract more equity at a lower price appears to be driving the growth in FHA cash-out volume, according to an Urban Institute analysis of FHA’s FY 2018 report on the financial condition of the Mutual Mortgage Insurance Fund.
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