Government

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports ...

State regulators have reached a settlement with 400 mortgage loan originators who falsely claimed to have completed their SAFE Act-mandated education requirements.

HUD has announced a change to the length of time that HUD-owned REO properties have exclusive listing rights for owner/occupants and “mission-minded” organizations. Here’s what you need to know.

Acting FHFA Director Sandra L. Thompson spoke before the Senate Banking Committee, pending her confirmation as Director of the Agency.

In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, reflecting the average increase of home prices over the last year.  But ...

Attorney Marissa M. Yaker details what you need to know about the Homeowner Assistance Fund, and the HAF’s goal of mitigating financial hardships associated with the pandemic.

Colorado is the latest state to receive HUD assistance after President Biden issued a major disaster declaration for the Boulder County area.

Beginning April 1, Fannie Mae and Freddie Mac will add upfront fees to both high-balance loans and second home loans.

Twenty-first Chair of the FDIC tenders her resignation, and will be replaced by current Board member Martin L. Gruenberg.

McCargo becomes the first woman in Ginnie Mae’s history to hold the position of President.