Here’s a summary of housing market reports that came across the MBA NewsLink desk this week:
Industry Briefs Oct. 20, 2022: Equifax Delivers Telecomm, Utility Data in Mortgage Credit Reports
Equifax, Atlanta, said it will provide telecommunications (telco), pay TV and utilities attributes to the mortgage industry to help streamline the mortgage underwriting process and support loans within the secondary mortgage market.
MBA, Black Homeownership Collaborative Urge HUD to Reduce FHA Mortgage Insurance Premiums
The Mortgage Bankers Association and several trade associations representing the Black Homeownership Collaborative sent a letter to HUD Secretary Marcia Fudge this week urging the Department to make meaningful reductions to the annual Mortgage Insurance Premium and suspend life-of-loan requirements for borrowers with FHA-insured loans.
Industry Briefs Oct. 6, 2022: HUD Allocates $28M to Fight Housing Discrimination
HUD announced $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing and enforcement, through the Department’s Fair Housing Initiatives Program.
HUD Report Assesses ‘Limited Supply’ of Small Mortgage Lending; Issues RFI
HUD on Tuesday issued a report assessing factors that limit supply of small mortgage loans and the impact to affordable homeownership for those interested in lower-priced homes.
Industry Briefs Aug. 23, 2022: Vice Capital Markets Releases API for Freddie Mac Cash Purchase Statement
Vice Capital Markets, Novi, Mich., released an integration for Freddie Mac’s Cash Settlement Purchase Statement application programming interface.
FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19
The Federal Housing Administration on Thursday expanded mortgage eligibility for borrowers who experienced a gap in employment and/or a reduction or loss of income due to a COVID-19 related economic event.
Industry Briefs July 1, 2022
Southwest Stage Funding LLC, dba Cascade Financial Services, a national provider of financing to buyers of manufactured homes, launch its Social Bond Framework, which furthers the company’s commitment to creating pathways for affordable housing.
Senate Confirms Julia Gordon as FHA Commissioner
It took nearly a year, and by the slimmest of margins, the Senate late Wednesday finally confirmed Julia Gordon, as FHA Commissioner.