Government

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.

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.

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.

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.

With factors ranging from low volumes to inflation and manpower shortages putting the squeeze on the property preservation and field services sectors, MortgagePoint speaks to the vendors, government agencies, and GSEs trying to guide this important industry through the challenges it faces.

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.

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.

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.

In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.

After 21 years with the GSE, David Benson has announced that he will step down as President in early- to mid-2024, to be replaced by current Fannie Mae CEO Priscilla Almodovar.