Lawmakers heard from Solomon Greene, who has been renominated to serve as assistant secretary for policy development and research, and David Uejio, who has been renominated for the position of assistant secretary for fair housing and equal opportunity at HUD.
Some federal agencies extend forbearance request deadlines; Guaranteed Rate ramps up reverse mortgage lending; Brewer, ME-based woman pleads guilty in VA home loan false statements case; Rural Housing Service sets timeline for 2023 housing preservation grant program.
The HUD OIG will soon report on an audit examining Ginnie Mae’s process for managing troubled issuers, according to Inspector General Rae Oliver Davis.
A new paper by the Joint Center for Housing Studies at Harvard University recommended increasing the amount of downpayment assistance to Black and Hispanic first-time homebuyers using FHA loans.
The reverse-mortgage market was virtually glowing last year, with production increasing 24.6% to a whopping $29.65 billion. But much of that activity was front-loaded in the first six months. (Includes three data charts.)
Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.