Ginnie Mae issuance of single-family mortgage-backed securities declined 12.2% in the second quarter of 2022, as rising interest rates dragged the refinance market to new lows. (Includes four data charts.)
The Department of Housing and Urban Development’s latest regulatory agenda has more than a dozen items related to either FHA or tribal home loan programs, including some pending rulemakings.
FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.
Commenters said the challenges that servicers face in responding to COVID-related loss-mitigation programs argue against a rush by VA to implement its servicer tier rankings.
The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.