The Mortgage Bankers Association wants FHA to extend to all lenders certain documentation waivers recently made available to Reverse Mortgage Funding transferees.
VA extends COVID-19-related forbearance request deadline; HUD reduces fees for Section 184 loans; MBA asks Congress to authorize rural ADU financing; FHA outlines effective dates for LIBOR transition.
The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.
During a recent webinar, Casey Zuzak, a senior risk analyst at FEMA, discussed the potential uses of the agency’s National Risk Index on natural hazards within the residential MBS sector.
The government could default on its debt obligations as early as June 1, the Treasury Department warned. The development could have major ramifications for mortgage lenders and the broader economy.
The value of a median-priced home has appreciated by $190,000 over the past 10 years, the National Association of Realtors said in a report this month.
Industry stakeholders believe Farmer Mac could face risks arising from climate change. However, the government-chartered company took issue with a proposal to amend and strengthen its capital framework.
The Mortgage Bankers Association is opposed to the Federal Trade Commission’s plan to ban most noncompete clauses. However, several individual commenters from the mortgage industry favor the proposal.
The proposed rule would direct all HUD program participants to proactively take actions to overcome patterns of segregation, promote fair housing choice and eliminate disparities in opportunities, among other issues.