April issuance adds more than $19 billion to Ginnie Mae’s overall portfolio, on pace to cross the $2.2 trillion mark in May.
Read More »Industry Reaction: Senate Confirms Julia Gordon as FHA Commissioner
After a re-nomination by President Biden, Julia Gordon has been confirmed by the Senate to serve as Commissioner of the FHA/Assistant Secretary of HUD.
Read More »FHA Amends CWCOT Post-Foreclosure Sales Rule
Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers.
Read More »FHA Finalizes Details on 40-Year Mortgage Mod
Geared toward borrowers struggling due to the pandemic, FHA details the latest loss mitigation option to help homeowners remain in their homes.
Read More »HUD Provides Framework to Advance Housing Equity Nationwide
The Department’s new Equity Action Plan outlines its commitment to bringing equity to the forefront within the Biden Administration by reducing the racial homeownership gap.
Read More »Ginnie Mae MBS Issuance Volume Exceeds $53B in February
More than 190,000 U.S. homes were financed in February through Ginnie Mae MBS financing.
Read More »HUD Offers Disaster Aid for Three Storm-Stricken States
Residents in Alaska, Tennessee, and Missouri impacted by recent natural disasters are now eligible for federal disaster assistance.
Read More »Should Conforming Loan Limits be Capped?
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 ...
Read More »Biden Grants Disaster Assistance for Kentucky Tornado Survivors
A disaster assistance declaration has been issued by President Biden to Kentucky counties hit by recent twisters.
Read More »Loan Limits Increased to Keep Up with Appreciation
Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs. The agency is statutorily mandated by the ...
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