As part of the Department of Housing and Urban Development’s mission to increase homeownership among credit-worthy low- to moderate-income people, the agency has announced that it is extending the Exclusive Listing Period for HUD ...
Read More »Now Is the Time to Readdress Conforming Loan Limits
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, ...
Read More »Ginnie Mae Names First Female President
Alanna McCargo sworn in to lead principal financing arm for government mortgage loans.
Read More »Lenders Reported Less Demand Across All Loan Types
As interest rates rise, demand for both purchase and refinance mortgages begin to wane.
Read More »Industry Reacts: Biden Nominates Thompson for FHFA Director
President Joseph R. Biden has nominated Sandra L. Thompson to the serve as the Director of the Federal Housing Finance Agency (FHFA). Thompson has been serving as the Acting Director since June 2021. “Thompson has over four decades ...
Read More »CFPB Highlights CARES Act and ECOA Violations
Bureau examiners uncover violations in areas including mortgage servicing and a variety of lending discrimination practices in new report.
Read More »Mortgage Insurance Deduction Legislation Introduced
New bipartisan measure aims to make permanent a deduction for MI premium payments for middle-class homeowners.
Read More »GSE Loan Limits to Rise Nearly $100K in 2022
The FHFA has issued its conforming loan limits for 2022, as the increase in home prices nationwide has forced loan limits to $647,200 next year.
Read More »Remaining Ahead of the Wave
In dealing with the current forbearance exodus, John Dunnery of Community Loan Servicing shares with The MReport that consistent dialogue with the customer is key to loan re-performance.
Read More »Wyndham Capital Taps New Head of Compliance
With more than 30 years in the industry, Melissa Smith has joined fintech mortgage lender to navigate the firm through the shifting compliance and regulatory landscape.
Read More »