Rep. Maxine Waters, D-CA, last week questioned HUD Secretary Scott Turner over sales of distressed assets to corporate buyers, which run counter to the Trump administration’s recent effort to push back on homebuying by institutional investors.
Rates eased by a few basis points in government markets after the Trump administration announced Fannie Mae and Freddie Mac would purchase a combined $200 billion in agency mortgage-backed securities, even as the industry awaited more details from the federal government.
Ginnie Mae will allow electronic promissory notes to be transferred under its co-issuance program as part of its effort to push more lenders into the digital landscape.
An amendment floated ahead of a planned markup by the House Committee on Veterans' Affairs would raise the funding fee on most VA home loans. The markup was ultimately postponed.
The Consumer Federation of America studied the shortcomings of FHA’s 203(k) rehabilitation loan program to determine why usage has plummeted 77% in the last decade.
The Department of Veterans Affairs reminded lenders of a circular, which was delayed during the partial government shutdown, that sought to clarify how VA lenders should use energy efficiency ratings in the underwriting process.
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