Government

December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.

An analysis of data by the FHFA of Uniform Appraisal Dataset Aggregate Statistics for the third quarter has found a year-over-year decline in the total number of U.S. home appraisals.

HUD’s Office of the Inspector General has issued its Fiscal Year 2024 priority open recommendations report outlining actions that the Department can take to address health and safety in HUD-assisted housing, managing fraud risk and improper payments, and IT and cybersecurity modernization.

In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.

The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.

U.S. Attorney Ryan K. Buchanan and HUD-OIG Inspector General Rae Oliver Davis recently collaborated on an event on eliminating environmental hazards and misconduct for tenants living in HUD-assisted housing.

An upcoming hearing conducted by the U.S. House Committee on Financial Services will take a look at the leadership of HUD and how the Department’s programs have benefited millions nationwide.

Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.

The Five Star Institute, in partnership with Xome, recently hosted a webinar focusing on strategies and initiatives to help boost access to affordable housing nationwide.

Sumit Sasidharan joins Angel Oak as its new Head of Commercial Real Estate, where he will lead the firm’s CRE platform, focusing on growing, managing, and expanding the firm’s permanent and bridge-loan financing solutions.