Industry trade groups reacted swiftly to the RFI.

Dubbed HMBS 2.0, the securitization product would give Ginnie MBS issuers a new funding mechanism to buy back loans with balances over 98%.

The total delinquency rate among large servicers was 3.23% at the end of March, down 38 basis points from the end of 2023.

The VA said Wednesday it is “strongly” encouraging mortgage servicers to extend their pause of foreclosures for VA-guaranteed home loans through the end of this year.

The new policy includes the implementation of a waterfall of loan modifications designed to reduce borrowers' monthly mortgage payment by at least 20%.

FHA's share of combined FHA/VA lending declined to 60.8% in the first quarter of 2024.

Goldman aggregated HELOCs from various lenders for the new securitization.

The assessment comes amid a shortage of appraisers along with concerns that the existing pool of appraisers isn’t sufficiently diverse.

To this point, UWM has originated home equity lines of credit but not closed-end seconds.

Applications in late May hit the lowest level seen since March.