Freedom Mortgage remained the top Ginnie MBS issuer in the first quarter, though third-ranked Quicken Loans posted a mighty 47% gain from the prior period. Some 57% of loans securitized by Ginnie had VA guarantees. (Includes four data charts.) Read More
A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD. Read More
The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes. Read More
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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HUD allocates nearly $700 million for affordable housing; seniors rack up housing wealth; the MBA seeks clarification on COVID-related flexibilities from VA. Read More