CBO suggested the government would assume all the risk and sell insurance coverage directly to households for wildfires.

The federal government should expand its role in the disaster insurance market to help increase availability, the Congressional Budget Office suggested in a new paper.

A new Urban Institute paper called on policymakers to build on the Financial Stability Oversight Council’s recommendations to address liquidity vulnerabilities among nonbank Ginnie Mae issuers.

The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.

HECM production picked up somewhat after a lackluster first quarter.

“How much impact the program would have depends on how many homebuyers can access it,” said Phil Crescenzo, a vice president at Nation One Mortgage Group.

New FHA home equity conversion mortgage endorsements increased 10.8% from the first quarter to the second. Year-to-date, though, volume was down from the first six months of 2023. (Includes three data tables.)

The Mortgage Bankers Association and the Housing Policy Center have urged VA to extend the deadline to implement the Veterans Affairs Servicing Purchase loss-mitigation program though Dec. 31.

Some questioned whether the proposed $25,000 downpayment assistance to first-time homebuyers would be enough in some housing markets.

Researchers at the Urban Institute suggested alternatives to provide liquidity support to Ginnie Mae nonbank issuers and suggested that the Federal Housing Finance Agency be the prudential regulator for nonbanks.