The Community Home Lenders of America renewed its call for regulators to establish a standby liquidity facility to support Ginnie Mae servicers during periods of stress.
The Department of Housing and Urban Development’s servicer missed the mark on most of the FHA partial claims sampled by HUD’s Office of Inspector General.
Guild Mortgage Company and Movement Mortgage both saw successful first quarters in home equity conversion mortgage lending that led them to gain market share from other top HECM lenders. (Includes three data tables.)
The upper ranks of FHA management have been thinned out by resignations over the last year, and the Senate’s on crunch time until midterms, meaning there’s a chance Ginnie Mae president Joe Gormley could be helming both agencies for a while.
Provisions designed to increase borrower awareness of the availability of home loans backed by the Department of Veterans Affairs remain in an expansive housing bill that Congress could pass as soon as next week. The MBA has expressed operational concerns.