The WSJ is wrong about FHA loans and nonbanks, and they know it
Their recent op-ed tries to resurrect the boogeyman of risky 2008-style lending
FHA
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FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios
Ginnie Mae removed TPP loans from delinquency counts, expects cures to improve and ramps up loan-level transfers to boost liquidity.
NAMB urges FHA to end lifetime mortgage insurance rule
NAMB urges FHA to end its lifetime mortgage insurance rule, citing outdated policies and improved financial conditions for the MMI Fund.
HUD tightens rules for FHA appraiser roster
HUD is tightening the connection between an appraiser’s state license and their ability to perform FHA work.
New View Advisors floats sweeping changes to HECM, HMBS programs
New View Advisors urges HUD to cut upfront MIP and simplify HECM products, citing rising private-label share and MMI Fund strength.
NRMLA speaks out on the future of federal reverse mortgage programs
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions.
MBA lays out proposed changes for federal reverse mortgage programs
MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage insurance premiums.
Fannie and Freddie waive some loan requirements amid shutdown
Government agencies and enterprises issued guidance on Wednesday for mortgage operations and servicing during the current government shutdown.
FHA seeks input on buy now, pay later lending
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability.