Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “HMBS 2.0.” The new term sheet details several differences from the current HMBS program,…
Continue reading →Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association‘s (NRMLA) Annual Meeting and Expo that will take place in San…
Continue reading →In a recent segment of CNBC’s “Worldwide Exchange,“ HousingWire lead analyst Logan Mohtashami and anchor Frank Holland dive into last week’s spike in mortgage applications as well as housing permit levels. According to recent data from the Mortgage Bankers Association, mortgage applications for new homes increased by 0.7% year over…
Continue reading →“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This is the conclusion of a new report published by the Center for Public Enterprise, a…
Continue reading →They say everything is bigger in Texas — and apparently that includes housing inventory growth. While available homes for sale are growing all over the country, it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April…
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