Median monthly home payments have jumped from $2,200 in January 2022 to $3,000 in March 2023, Harvard’s Joint Center for Housing Studies reports.

Downpayment assistance is a “tried and true” way to help those without generational wealth. But state programs tend to run out of funds early in the year.

Reverse mortgage originations are not immune to the impacts of elevated interest rates, a DBRS Morningstar analyst notes.

The inspector general found fault with how the industry in general and Mr. Cooper in specific handled pandemic-era loss mitigation.

Currently, lenders log into a UI and enter data manually, which can lead to errors.

Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.

More than a dozen actions are planned in the coming months.

The volume of Ginnie Mae mortgage-backed securities issued last month increased slightly from April, driven by a modest uptick in FHA activity. VA deliveries to Ginnie declined in May. (Includes two data charts.)

The Department of Housing and Urban Development wants all new or substantially renovated homes insured by FHA to be elevated an additional two feet above base flood elevation.

The FHA has more than a dozen final or proposed rules lined up for action over the next 12 months. The agenda includes rules to modernize engagement with mortgagees in default and to update requirements for firms that invest in FHA mortgage servicing.