A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.

A&D Mortgage will carry on the flexible FHA lending practices previously observed at the former Flagstar’s correspondent unit.

Ginnie Mae announced it will remove the 10% concentration limit on its single-issuer, custom single-family pools, effective June 16.

FHA’s claims without conveyance of title program already saves FHA, servicers and borrowers time and money, and the program could be made more effective, according to analysts at the Urban Institute.

Andrew Hughes confirmed as HUD deputy secretary; HUD to end affirmative fair housing marketing requirements for FHA multifamily program applicants; HUD updates civil monetary penalty amounts to match inflation.

Ted Tozer, a fellow at the Urban Institute and former Ginnie president, said he expects the volume of buydowns in custom single-family pools to explode as lenders take advantage of the rule change.

Ginnie Mae eliminated the 10% concentration limit on buydown securitizations in custom single-family MBS.

The legislation cleared the House Committee on Financial Services with a 46-0 vote this week against opposition from credit bureaus.

Canadian startup Zown is offering its low commission and downpayment assistance services in California, marking its entry into the U.S.

ABS tied to royalties from older music exhibit more stable performance than recent releases, according to KBRA.