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FHFA Proposes Revisions to FHLBank Governance

Appraisal Buzz

The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. The Federal Home Loan Bank System’s ability to provide liquidity to support its mission in a safe and reliable manner is dependent on the quality of its governance,” said FHFA Director Sandra L.

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New Government Programs Providing Middle-Income Renters With Relief

Appraisal Buzz

The programs studied in “ Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges ” provide direct and indirect public subsidy, everything from grants and loans to property tax exemption and government guarantee of construction loans (see table below).

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Government Agencies Release Mortgage Origination Data

Appraisal Buzz

The post Government Agencies Release Mortgage Origination Data first appeared on The MortgagePoint. The post Government Agencies Release Mortgage Origination Data appeared first on Appraisal Buzz. The Dodd-Frank Act mandated that CFPB monitor the primary mortgage market, partly through the survey data.

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Texas Capital objects to government request to change court venue

Housing Wire

Texas Capital Bank , after being granted an extension to respond to the federal government’s request to change the venue of the trial between the bank and Ginnie Mae , has filed an objection to the request saying that a “forum selection clause” cited by government attorneys is not enforceable.

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Government requests more time in Ginnie Mae/TCB lawsuit

Housing Wire

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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UWM to give 125 bps incentive on some government refis 

Housing Wire

United Wholesale Mortgage (UWM) announced on Wednesday that it will temporarily give a 125-basis points incentive in some government refinancing programs, another step to guarantee the retention and attraction of home borrowers looking to lower their mortgage rates. The Govy125 program includes any note rate, any occupancy for the U.S.

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FHA amends identifier requirement for lenders, other entities seeking government business

Housing Wire

“In August 2022, FHA implemented a UEI policy that required those doing or seeking to do business with the federal government, to register for, obtain, and maintain a UEI number in the General Services Administration ’s (GSA) System for Award Management (SAM.gov),” the notice reads. The GSA is a wing of the U.S.