The online application, DPA One, allows lenders to find and match up to 400 downpayment assistance programs with borrowers who need help with closing costs.
There is still no firm release date on FHFA’s once-in-a-hundred-year review of the Federal Home Loan Bank system. The report was supposed to come out by the end of September.
If the National Flood Insurance Program is allowed to lapse mid-November, the impact could extend beyond single-family lending, the Congressional Research Service has warned.
A new study found that an increase in days over 90 degrees has a statistically significant impact on mortgage defaults and prepayments, both of which affect yields on MBS.