Former FHA Commissioner Frank Cassidy wishes FHA had been able to prioritize reforms to encourage more originations of small-dollar mortgages while he was running the agency.
More than a third of staff members who left the Department of Housing and Urban Development last year had been with the agency for 20 or more years, according to the Government Accountability Office.
Village Capital and Investment settled with the Department of Justice over alleged violations of a law retroactively capping service members’ interest rates during service.
CBC Mortgage Agency has seen its downpayment assistance program for FHA borrowers increase over the last decade, and expects borrowers will continue to seek assistance.
Trump orders VA, USDA to lower direct loan rates; VA sees assumptions increase; VA makes progress on property requirement updates; HUD manufactured housing committee to convene.
Issuance of government-backed loans to Ginnie Mae mortgage-backed securities fell in the third quarter, breaking with the typical seasonal pattern amid higher interest rates. (Includes four data tables.)
Sen. Elizabeth Warren, D-MA, ranking member of the Senate Banking Committee, had little to say to FHA Commissioner-nominee Matt Jones aside from a remark that he would have a “tough job” amid the financial conditions borne of the Trump administration’s policies.
FHA announced it was taking the next step in implementing updated appraisal forms the day after Fannie Mae and Freddie Mac announced they’d push back their mandatory implementation date by more than six months.
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