Latest Updates Around The World
Borrowers include first-time homebuyers, veterans, seniors and residents of urban, rural and tribal communities. Total MBS issuance for fiscal 2025 was $526.4 billion, driving a 7.2% year-over-year increase in Ginnie Mae’s outstanding portfolio. According to the report, the portfolio grew by $190.9 billion to more than $2.8 trillion at the end of September. “Continued strong […]
Many real estate agents say day-to-day practices are unlikely to change dramatically because professional organizations and state regulators already impose strict fair housing requirements. Debbie Drummond, head of The Debbie Drummond Real Estate Team at Simply Vegashas been in Las Vegas since 2003. She notes that fair housing compliance remains embedded in routine practice. “I […]
The U.S. Department of Housing and Urban Development (HUD) has the Federal Housing Administration (FHA) loan approval authority of Equity Prime Mortgage (EPM) and Home acceptance company (RAC), in several markets, as detailed in Wednesday’s Federal Register. The action is part of HUD’s Credit Watch Termination Initiative, which monitors the performance of mortgage lenders. In […]
NatEquity is a California-based originator, administrator and portfolio manager of lifetime shared valuation products for equity access. The company advertises itself as a national provider of equity access for senior homeowners. According to its website, the company’s mission is “to help senior homeowners in coastal California access their home equity to relieve financial stress and […]
The discussion also coincides with a rise in private-label reverse mortgages, which New View estimates now account for about 40% of market activity. New view addressed each of the 21 questions asked in the RFI. She believes that some of the reforms she proposes can be implemented immediately, while others could take a year or […]
Accusations also include encouraging banks and real estate developers to focus on those communities, rather than all low-income households, the Washington Post first reported reported. “As you know, the Trump Administration is committed to protecting the civil rights of all Americans. However, at the direction of your office, city officials have planned to ‘smuggle racial […]
“It is a good indication that HUD and Ginnie Mae are paying close attention to these critically important programs given our nation’s aging population,” said Steve Irwin, chairman of the National Association of Reverse Mortgage Lenders (NMRLA). “They can not only create greater efficiencies, but also reduce the regulatory burden that may come with these […]
According to a statement from the U.S. Department of Housing and Urban Development (HUD)The Government believes this approach will increase accountability and promote independence – with the Government targeting what it sees as the root causes of homelessness. “These long-awaited reforms will advance independence and ensure we support means-tested approaches to fulfill the President’s mandate, […]
I have been involved in federal housing policy for more than 50 years and started my career at the U.S. Department of Housing and Urban Development (HUD) in the 1970s and later served on the staff of the US House Committee on Banking, Finance and Urban Affairs – now the Financial Services Committee – from […]
Layoffs were confirmed for the first time in a X message from Office of Management and Budget (OMB) Director Russell Vought who wrote“The RIFs have started.” The layoffs came just over a week after the government shutdown. No previous lockdown has led to such action; Normally, laid-off workers return as soon as the government reopens. […]
