The Financial Stability Oversight Council wants Congress to pass legislation that would allow Ginnie Mae to expand its pass-through assistance program for nonbank servicers.
FHA first-lien, single-family home loan applications were turned down more often than VA home loan applications, according to an analysis of HMDA data. (Includes data table.)
The $3.4 million settlement resolves charges that the Arkansas-based Bank of England engaged in bait-and-switch and other deceptive practices when refinancing VA mortgages.
A coalition of conservative organizations, led by the Heritage Foundation, has published a 920-page handbook called Project 2025, laying out the policy agenda for the next conservative administration.
Former HUD Secretary Marcia Fudge joins Taft law firm as partner and public policy chair; MBA President Bob Broeksmit calls for national housing policy director; and Ginnie Mae to allow commingling of digital and paper loans.
A lender’s reconsideration of valuation process must include disclosure to the borrower at the point of a loan application and again when the borrower receives the appraisal.
Correspondent sales of government-insured mortgages originated during 2023 declined somewhat on an annual basis, but Veterans United upped its sales by 7.3%. (Includes data table.)
The Biden administration’s fiscal year 2025 budget request allocates $72.6 billion for HUD, which is higher by about $500 million from the FY23 enacted level.
Improvements to the FHA home equity conversion mortgage program will help seniors maintain housing stability and financial security in retirement, according to Urban Institute’s Amalie Zinn.
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