The Department of Housing and Urban Development will invest $1.8 million in the department’s Foster Youth to Independence program to help more than 100 youth aging out of the foster care system secure housing.
Mortgage credit availability remained unchanged in April after a sizable increase in March, according to a report from the Mortgage Bankers Association.
Uncertainty and volatility in the current market are proving a challenge for determining a strategy for mortgage servicing rights (MSR), according to MSR Pricing & Analytics Managing Director Mark Garland. He is featured in a recent MSR white paper by SitusAMC.
President Donald Trump’s recommendations on discretionary funding levels for fiscal year 2026 include cutting $33.6 billion in funding for the Department of Housing and Urban Development, including 43 percent of grant funding for the department’s rental assistance programs.
Fannie Mae recently announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.
United Wholesale Mortgage (UWM) signed an agreement with Intercontinental Exchange (ICE) to license ICE Mortgage Technology’s MSP loan servicing system, allowing UMW to bring its mortgage servicing operations in-house.
Pending home sales jumped 6.1 percent in March to 76.5, the largest month-over-month increase since December 2023, according to the National Association of Realtors. Signed contracts and housing inventory levels also rose.
The Federal Housing Administration implemented a new multi-factor authentication for its FHA Connection system designed to resist phishing scams. The security measure is part of the FHA’s larger strategy to maintain secure lender, borrower, and stakeholder data.
The Department of Housing and Urban Development (HUD) earmarked $2.2 million in new funding for the Tribal HUD-Veterans Affairs Supportive Housing program, which provides housing assistance for Native American veterans who are or are at risk of becoming homeless.
Homebuyer affordability improved in March, with the national median payment applied for by purchase applicants dropping 1.4 percent month-over-month, according to Mortgage Bankers Association data.
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