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Home » Topics » IMFnews » Government-Insured Lending

Government-Insured Lending
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Jumbo Originations a Standout in 2Q19 Production Boom

August 15, 2019
John Bancroft

Jumbo lending soared by 67.2% sequentially while expanded-credit lending increased by a modest 18.8%, Inside Mortgage Finance found…


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In Long-Awaited Move, HUD Loosens Condo Financing Rules

August 14, 2019
George Brooks

In addition, the new rules would establish an allowable range for commercial space between 25% and 60%, which would make it less cumbersome for mixed-use communities to obtain FHA approval. 


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Short Takes: MSR Marks: Look Out Below? / There’s Power in Moving Markets / Watching the Habib Call / Changes Coming to FHA Condo Program / PNC Exec Joins REIT

August 13, 2019
Paul Muolo

Big changes coming to the FHA condo market? Look for a big announcement on Wednesday...


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Agency MBS Issuance Soars in July, Purchase Loans Star

August 9, 2019
John Bancroft

At Fannie and Freddie, cash-out refinance volume was up 16.0% from June, while rate-term transactions rose 12.6%.


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HUD Sides With Lenders on Disparate-Impact Claims

August 8, 2019
George Brooks

In its analysis of the Fair Housing Act, the Supreme Court noted the importance of limiting disparate-impact liability so as not to hinder lenders…


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FHA’s Loan Review System Back Online. Documents Lost? Unclear

August 7, 2019
George Brooks

FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…


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Solid Gains for FHA and VA Production in 2Q19

August 6, 2019
George Brooks

Among the top 10 FHA direct lenders, not one was a bank. Quicken ranked first overall...


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What We’re Hearing: FHFA Reviewing a Cap on Cash-out Refis of GSE Loans / Some Interesting Details on CSS (Money Spent) / Berkowitz Offers an Update on His GSE Investment / Ocwen’s Earnings? / LD CTO Departs

August 2, 2019
Paul Muolo

In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”


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Former CFPB Official May Have Abused His Position: OIG

August 1, 2019
Yemeng Yang

A political appointee, Eric Blankenstein worked at the CFPB for 18 months as policy associate director of supervision, enforcement and fair lending. He resigned in May of this year and now works at HUD...


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When it Comes to Agency Servicing Rights, Nonbanks Keep Posting Gains

August 1, 2019
Paul Muolo

PennyMac remained the largest nonbank servicer of agency loans with $325.12 billion on its books at the end of June…


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