Ginnie Mae posted a 1.8% increase to finish the second quarter with $2.445 trillion in single-family MBS outstanding.

Democrats in the Senate are seeking new federal programs to address housing affordability while Republicans think existing programs can be more efficient.

HUD has a new Homeownership Initiative Grant, which pays participating grantees using a negotiated fixed rate for pre-purchase counseling to households that both go on to achieve homeownership and return for post-purchase counseling.

The federal government is now funded through Dec. 20.

Among the top five subservicing vendors in the second quarter, volume changes compared with the end of March ranged from a 6.3% decline at Cenlar to a 4.8% increase at Mr. Cooper.

Recent readings on home price appreciation suggest that annual appreciation in 2024 could be lower than expected.

Seed funding was raised from Redwood Trust Ventures and Silicon Valley Bank, among other investors.

Beginning Dec. 9, servicers must use Freddie’s Resolve default management tool to complete the following actions: charge-offs, foreclosure sale reporting, custom modifications, deed-in-lieu of foreclosure and third-party foreclosure sale settlements.

Refis accounted for 55.7% of mortgage applications last week.

The retail channel boosted its share of conventional-conforming lending by 308 basis points to 43.2% in the second quarter of 2024.