Tag Archives: Bob Broeksmit

Senate Finance Committee Chair Ron Wyden and House Ways and Means Committee Chair Jason Smith have announced bipartisan framework that promotes the financial security of working families, and expands affordable housing by enhancing the Low-Income Housing Tax Credit.

As we approach a new year, MortgagePoint took the temperature of industry experts to see what lies ahead for a market that trudged through 2023 hampered by the convergence of rates reaching 20-year highs, a shortage of housing inventory, and inflated home values.

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.

FHFA is soliciting comments from market participants and stakeholders on the transition to updated credit scoring models and credit reporting requirements for loans acquired by the GSEs.

Under a new order from the CFPB, loans reportable under the Home Mortgage Disclosure Act will not need to be reported under the new small business lending rule.

In its annual report, the FHA highlighted its role in supporting affordable home financing for first-time buyers and borrowers of color, as well as the assistance provided to struggling homeowners.

Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.

The FHFA has taken further action to ensure that all borrowers and renters have equitable access to long-term affordable housing opportunities by implementing targeted increases to the upfront fees for most cash-out refinance loans.

The passage of HR 7735 will ease the barriers faced by veterans in obtaining an appraisal on a VA loan, evening the playing field in a competitive housing marketplace.

New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.