The Department of Housing and Urban Development affiliate is making it easier to repackage securities backed exclusively by these mortgages. https://www.nationalmortgagenews.com/news/ginnie-mae-adding-new-pooling-flexibility-for-reperforming-loans
NextGenMortgage
Wells Fargo offers down-payment grants to boost minority homeownership
The company is rolling out a special-purpose credit program to help address what it describes as "the biggest barriers to achieving homeownership." Such programs are gaining popularity among banks....
What a review of FHLB actions during the banking crisis found
The report comes from Federal Housing Finance Agency Inspector General Brian Tomney's office, which also is keeping an eye on turnover risks at the government-sponsored enterprises. https://www.nationalmortgagenews.com/news/what-a-review-of-fhlb-actions-during-the-banking-crisis-found
All-cash home purchases are on an upward trend
The transactions grew between second and third quarter, with the new-home market seeing one of its largest surges in cash-buying in 13 years. https://www.nationalmortgagenews.com/news/all-cash-home-sales-are-on-an-upward-trend
Multifamily starts fall to under half of the previous two-year average
Decreased availability of bank capital for new commercial construction helped slow activity from the previous nine quarters, according to a new report. https://www.nationalmortgagenews.com/news/multifamily-starts-fall-to-under-half-of-the-previous-two-year-average