FHA Catalyst activates new mortgagee administrator role; VA increasing aggregate loan guarantee funding for specially adapted housing; Ginnie Mae to adopt blockchain technology; VA to hike fines for lenders that make false loan guarantee certifications.
Head of investment strategy at Amherst Pierpont Securities said changes to FHA premiums based on the MMIF capital ratio had big impacts on prepayments following the Great Recession.
States have begun taking applications for homeowner assistance programs funded by the Treasury Department and designed to prevent foreclosures stemming from the pandemic.
The Congressional Budget Office looked at how an increase in nonbank issuers and a higher volume of VA loans might put Ginnie Mae’s MBS program at risk.
The housing community continues to search for signs of negotiations on the Build Back Better agenda, but whether the legislation will pass or how much housing funding will remain in the final version of the bill is anybody’s guess.
The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...