FHFA seeks public comment on GSEs’ underserved markets plans

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027.Established by the
Read MoreGovernment requests more time in Ginnie Mae/TCB lawsuit

Lawyers for the U.S. 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 docu
Read MoreNew Zealand mayor slammed for recommending reverse mortgages

A mayor in a region of New Zealand, who recently suggested using reverse mortgages to fund various cost-of-living increases faced by the nation’s retirees, is pushing back against the backlash his comments created.Tim Cadogan, who serves as mayor of the Central Otago district in south central New Ze
Read MoreOriginations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasti
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