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FHA issues waiver to make government-insured mortgages more accessible

Housing Wire

The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers.

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Movement to pay $24M to settle underwriting government loans fraud case

Housing Wire

Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them. If the borrowers default, they may submit a claim to the government for certain losses. The company also confirmed that it failed to adhere to the government’s self-reporting requirements.

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Government mortgage loan demand drops as affordability issues loom

Housing Wire

But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Meanwhile, the conventional space – not offered or secured by a government entity – registered a 2.7% Department of Agriculture (USDA) and Department of Veteran Affairs (V.A.)

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Government Forum Unites Mortgage & Government Thought Leaders

Appraisal Buzz

Five Star’s virtual Government Forum assembled leaders from the mortgage space and regulators for a day of topical discussions and sessions shedding insight into what lies ahead for mortgage professionals as they emerge from the pandemic.

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US government to sell off $13B of mortgage bonds from failed banks Signature and SVB

Housing Wire

government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year.

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Thousands of government-backed mortgages impacted by Maui fire

Housing Wire

The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov. Josh Green (D).

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Can Government Reform Government?

George Dell

So what about government? Can government agencies (such as FFIEC and the […]. The post Can Government Reform Government? And we see the “American Dream” may be just a dream. And what part might appraisals play in these issues? More importantly, what keeps us from implementing solutions?