The Downpayment Toward Equity Act, sponsored by Sen. Raphael Warnock, D-GA, would grant up to $25,000 in assistance to first-generation homebuyers. Its fate, though, depends on the final size of the Build Back Better Act.

Industry groups want the Federal Deposit Insurance Corp. to specify which payments into mortgage servicing accounts would qualify for coverage.

LoanCare CEO Dave Worrall told Inside Mortgage Finance, “It will be interesting to see how the delinquency numbers change as the [foreclosure] moratoriums end.”

There's one more mortgage IPO remaining...

The mortgage industry is under increasing pressure to enhance disclosures related to climate change but is facing challenges in determining common measurements and risk models, according to a new report.

The mortgage industry has welcomed the National Defense Authorization Act recently passed by the House for including provisions for minimum federal standards on the use of remote online notarization in mortgage closings.

Several classes of ABS have performed better than expected during the pandemic, including oil and gas assets, airline loyalty programs and retail credit cards.

Former FHA Commissioner Dave Stevens also expects the November MMIF report to be “relatively" good news...

The government watchdog said gaps exist in HUD’s established processes to oversee the IT initiative.

Analysts are betting the Mutual Mortgage Insurance Fund will be healthy enough to propel the FHA to lower premiums early next year.