Ted Tozer calls for Ginne Mae to use federally backed mortgages as collateral to guarantee short-term nonbank liabilities.

Under the new legislation, however, the higher fee rates would extend through May 18, 2032.

Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires.

Without additional funding support, nonbanks don’t have options to fund servicing advances for loans that are 90 or more days past due, former Ginnie Mae President Ted Tozer said.

The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board.

The Congressional Budget Office last week released its cost estimate on a House bill that seeks to administer housing assistance programs.

The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases.

The USDA’s Rural Housing Service is proposing to allow more borrowers to purchase existing manufactured homes.

HUD extends public benefits program comment period by 30 days; FHA seeks director of single-family program development; CFPB fines a top VA lender.

For mortgage servicers, costs can spike in the initial months following a disaster as they must make sure they have the customer service staff on hand to talk with impacted borrowers.