Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios

Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks

FHA turns attention to the ‘flipping rule’ and AVMs

The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing. “We think our AVM, our valuation technology, has improved signific

Google brings real estate listings back to mobile search

After disappearing for a time after the launch of the initial test last December, real estate listings are back in mobile Google search results in some markets. Just like the initial test, listings appear under sponsored search results, and they include a full property detail page, links to request

Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation

The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one m