The amendments in the final rule will bolster the ERCF to ensure that each GSE operates in a sound manner and is well-positioned to fulfill its mission to provide stability and assistance to the secondary mortgage market.
Read More »Spotlight Interview: Michael Greenbaum Chair of Property Preservation Executive Forum
Get to know the new head of the PPEF, a group that brings together leadership from the nation’s largest property preservation companies to promote best practices in the field services industry and develop solutions for the challenges that face it.
Read More »HUD Exec Honored With Presidential Rank Award
Jean Lin Pao, HUD’s Director for the Office of Small and Disadvantaged Business Utilization, has been recognized for her contributions to HUD’s procurement equity efforts and work as a public servant.
Read More »VA Issues Measure to Protect Vets From Foreclosure
A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.
Read More »Fannie Mae Transfers $270+ Million in Mortgage Credit Risk to Private Insurers
The GSE offloads its latest pool of risky loans to investors, which provides the opportunity for investors and reinsurers to invest in the U.S. housing finance system.
Read More »HUD Reiterates the Importance of Housing in New Healthcare Report
The Biden Administration has issued a new Playbook highlighting the importance of housing as a key driver of health outcomes and providing examples of how HUD programs are working to help.
Read More »Senate Banking Committee Spotlights the Nation’s Financial Regulators
A recent Senate Banking Committee hearing featured testimony from the FDIC, NCUA, OCC, and Federal Reserve, discussing protection of the nation’s banking and credit union system, and how to ensure the system equally serves all.
Read More »Rising Waters, Rising Costs
As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.
Read More »Mortgage Servicing Powers Independent Mortgage Banks Through Q3
Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter, thanks to their production and servicing business lines.
Read More »PHH Mortgage Announces Subservicing Agreement With Zillow Home Loans
Following a collaborative onboarding and integration cycle, this new partnership expands on an existing correspondent relationship to a strategic servicing partnership.
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