Rocket Mortgage recently completed its one millionth e-closing transaction, an executive with the lender said last month during a Ginnie Mae podcast on digital collateral in the government mortgage market.

FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.

FHA extends deadline for feedback on proposed 40-year loan mods; Ginnie creates new MBS pool type; FHA delays effective date for reporting delinquent mortgage data to the FHA Catalyst reporting module.

Rocket, which had a fairly good third quarter, has acquired 5.7 million units of its own stock at an average price of $16.42. Its IPO price was $18.00…

Even with the clarification, some suggest VA lenders need more details to understand when they may refinance a loan included in a Ginnie-guaranteed MBS pool.

The new Ginnie Mae MBS pool type will contain loans that were modified to extend beyond the traditional 30-year terms.

The House Committee on Rules recently unveiled text for the $1.75 trillion Build Back Better legislative framework, which would include $10 billion for a new first-generation downpayment assistance fund.

Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.

With the refinancing boom waning, experts are suggesting lenders look at low- to moderate-income consumers for growth opportunities.

Institutional investors have several advantages compared to owner-occupant borrowers when it comes to purchasing homes that need substantive repairs.