CHLA Brings Employment-Verification Costs to Regulators March 22, 2024 Brandon Ivey CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.Read More
Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
Short Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech Company March 19, 2024 Brandon Ivey Some 0.22% of mortgage borrowers were in forbearance as of the end of February.Read More
Gordon Asks NAHREP Members to Highlight FHA Program March 13, 2024 Monica Hogan FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.Read More
Short Takes: Todman to Fill In at HUD / Appraisal Requirements in Maui / Equity Prime Leader Pledges $1 Million to MBA Opens Doors / Reprieve From Delisting for Better March 12, 2024 Brandon Ivey Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.Read More
Short Takes: Appropriations Bill Includes a Boost for Ginnie / MBA Hopes SEC Rule Is the Ceiling / Another Loss for FoA / Freddie Selling NPLs March 7, 2024 Brandon Ivey The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.Read More
FHA, VA Lending Declines in Fourth Quarter March 5, 2024 Monica Hogan Combined, FHA and VA lending declined by 17.7% in the fourth quarter.Read More
Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie March 5, 2024 Brandon Ivey Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.Read More
Short Takes: ‘Flirting With’ 7.0% / Pending Home Sales Decline / Jumbo MBS From Redwood / Congress Keeps Government Open for Another Week March 1, 2024 Brandon Ivey “The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying,” said Sam Khater, chief economist at Freddie Mac.Read More
Ginnie Revises Financial Requirements for Manufactured Housing Lenders February 29, 2024 Monica Hogan Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.Read More