Housing Market Roundup Nov. 9, 2021

We’re starting to get a lot of year-end housing market reports—which means we should be soon getting 2022 forecasts. Here is a roundup of recent reports to come across the MBA NewsLink desk:

Timothy Raty of Mortgage Cadence: USDA and the GSEs’ New Uniform Security Instruments

While Rural Development’s requirements lack details specific to the content of the security instruments used, they do have plenty of other requirements regarding the servicing of a loan which may not be completely compatible with the covenants within the SIs. The following summarizes the types of conflicts, additional requirements and near conflicts that may exist

October Employment Bounces Back as Delta Variant Fades

Payroll employment roared back in October after tepid growth the previous two months as the U.S. began to move on from the fading coronavirus Delta variant, the Bureau of Labor Statistics reported Friday.

Timothy Raty of Mortgage Cadence: USDA and the GSEs’ New Uniform Security Instruments

While Rural Development’s requirements lack details specific to the content of the security instruments used, they do have plenty of other requirements regarding the servicing of a loan which may not be completely compatible with the covenants within the SIs. The following summarizes the types of conflicts, additional requirements and near conflicts that may exist

Timothy Raty of Mortgage Cadence: USDA and the GSEs’ New Uniform Security Instruments

While Rural Development’s requirements lack details specific to the content of the security instruments used, they do have plenty of other requirements regarding the servicing of a loan which may not be completely compatible with the covenants within the SIs. The following summarizes the types of conflicts, additional requirements and near conflicts that may exist

MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans

The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.

MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans

The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.