The Mortgage Bankers Association supported the Department of Housing and Urban Development’s proposal to cease requiring a permanent steel chassis on the upper floors of a tiered manufactured structure. The National Association of Home Builders urged HUD to update its codes so the structures remained safe.
FHA and VA borrowers saw more consistent interest rates on new production regardless of their credit score, compared with borrowers who received conventional mortgages.FHA and VA borrowers saw more consistent rate outcomes regardless of their credit score, versus conventional mortgage borrowers.
Ginnie Mae has revised guidance to clarify that re-performing loans could season while on a three-month trial payment plan of a standalone partial claim.
Primary mortgage insurance activity was up 17% in the second quarter after a slow start to the year, with private insurers claiming more of the purchase market but losing share in refinances. (Includes four data tables.)
Servicers will not need to use a judicial foreclosure process to terminate a loan backed by the Department of Veterans Affairs that has a partial claim interest, according a new VA policy.
A couple of lenders of home equity line of credit products expanded their offerings in July, capitalizing on momentum in one of the few market segments with a bright outlook in the near-term.