Plagued with years of failed technology modernization initiatives, HUD is turning things around with an IT modernization roadmap deemed a success thus far by HUD's Inspector General.

Outstanding issues include Ginnie Mae's staffing-related challenges and the need to improve IT management.

After a number of assessments, Ginnie Mae concluded that it is necessary to implement a more rigorous set of financial requirements for single-family MBS issuers.

Now, for the big question: will other mortgage REITs follow suit?

Blackstone Real Estate Partners and Starwood Capital will be using proceeds from the mortgage loan to acquire Extended Stay America’s portfolio, fund working capital and pay closing costs.

Many auto ABS market participants believe subprime lenders will be subject to new laws requiring them to ensure borrowers have the ability to pay.

Rocket Companies and Home Point Capital are being targeted in separate class action lawsuits by law firm Bragar Eagel & Squire.

Only 13% of home sellers would "definitely" be likely to accept an offer from buyers using an FHA or VA loan, according to a survey by the National Association of Realtors.

The move will allow Ginnie issuers to offer loan modifications that carry a lower monthly payment than the current 30-year term. Also, the agency can test the waters for such a product in the secondary market.