Hometown Lenders was ordered to cease and desist from accepting new FHA lending business related to residents or properties located in Washington State for violations of the state’s Consumer Loan Act.
FHA seeks comments on proposed updates to its defect taxonomy; FHA implements final rule which distinguishes between governmental institutions and government-sponsored enterprises.
Officials at Ginnie Mae noted that prepayment rates on Ginnie MBS increased at a faster rate than prepayment rates for GSE MBS due to a quirk in interest rates on VA refinances.
Increasingly, consumers are looking to the government for help with housing affordability, according to a survey conducted for the Bipartisan Policy Center and the National Housing Conference.
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Older Americans could hold on to their single-family homes longer than earlier expected, according to panelists at this week’s Bipartisan Policy Center conference.