CDFIs have been granted exemptions from the CFPB's ability-to-repay rule...

The falloff in refinance issuance is easing, but perhaps only because it's nearing rock bottom. (Includes two data charts.)

Private mortgage insurers expect a boost in business from pricing changes in the conventional market. But an FHA mortgage insurance premium cut, expected sometime in the next several months, could swing business back to the government-insured market.

Comments on proposed changes to Interest Rate Reduction Refinance Loans are due Jan. 3.

There’s work to be done in the remaining months of the current Congress, including funding the government. If that isn’t done by Dec. 16, the government could shut down, and that has spelled trouble for FHA and USDA originations in the past.

One bank turns MSRs into cash. The buyer? PNC.

The fees, already in place for more than the two years originally mandated, cost veterans $200 million annually, the Community Home Lenders of America says.

RHS extends Section 502 subsidy pilot program; Rural Development seeks applications for 2023 community development program; FHA promotes 203(k) rehab loans; Nutter shutters; MBA names affordable homeownership advisory council members; Chase launches VA purchase closing cost benefit.

Community development financial institutions are exempt from some ability-to-repay rules and can provide up to 40% of their financial services to customers outside their targeted underserved community.

Asian countries are expected to continue to dominate foreign ownership because of their large foreign-exchange reserves.