HUD Pushes Out Some Dates on Planned FHA Rulemaking July 24, 2024 Monica Hogan Some proposals that were planned for the spring or summer are now not expected until December.Read More
Short Takes: Another CES Securitization From Rocket / HUD Plans Changes to Loan Sale Program / FHFA Sets Protections for Renters / Outlook for Cornerstone Servicer Rating Turns Positive July 15, 2024 Brandon Ivey With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.Read More
FHA Revises Proposal on Servicing Defect Taxonomy July 11, 2024 Brandon Ivey The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.Read More
FHA Expands 203(k) Rehabilitation Program July 10, 2024 Brandon Ivey The 203(k) program provides financing for rehabilitation of single-family homes.Read More
Purchase Mortgages Boost Ginnie Issuance in 2Q July 9, 2024 Monica Hogan Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.Read More
Short Takes: Pending Home Sales Decline / PennyMac Adds MSR Financing / New Expanded-Credit MBS / Translations of FHA Servicing Documents July 5, 2024 Brandon Ivey Pending home sales in June declined on an annual basis at a rate not seen in four months.Read More
Ginnie Proposes New Pool Type to Help HECM Lenders June 28, 2024 Monica Hogan The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.Read More
MSR Investors Expect ‘Feeding Frenzy’ During Refi Wave June 28, 2024 Brandon Ivey Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.Read More
CFPB Issues Permanent Ban to Reverse-Mortgage Servicers June 20, 2024 Brandon Ivey Sutherland and NOVAD formed a servicing operation in 2014 to service HECMs on behalf of HUD.Read More
FHA Proposes Increase in TPO Liability June 18, 2024 Monica Hogan FHA is taking comments through June 24 on a draft mortgagee letter.Read More