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Government Lending

Fannie Mae names new head of single family and acting general counsel

Bill Pulte, Fannie Mae, Government Lending, GSEs, HWmember, Mortgage, People Movers, Trump administration /

Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company […]

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Fannie Mae names Peter Akwaboah as acting CEO

Bill Pulte, Fannie Mae, Government Lending, Government-Sponsored Enterprise, HWmember, Mortgage, People Movers, Team Leaders /

Fannie Mae announced new leadership roles on Wednesday for three key existing leaders at the government-sponsored enterprise. It appointed chief operating officer Peter Akwaboah as acting CEO while the company searches for a permanent chief executive. According to a press release, the leadership roles are effective immediately.   Akwaboah joined Fannie Mae from Morgan Stanley,

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Former economic leaders Cohn and Summers warn on U.S. fiscal path

Debt, Federal Reserve, Government Lending, GSEs, Housing Market, HWmember, Mortgage, Mortgage Bankers Association, Politics, White House /

Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited

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HUD layoffs hit 442 employees amid government shutdown

FHA, Government Lending, Government Shutdown, HUD, HWmember, Mortgage and Housing Layoffs, Politics, Trump administration /

Hundreds of employees at the U.S. Department of Housing and Urban Development (HUD) received layoff notices late last week, as the Trump administration followed through on threats to cut staff during the federal government shutdown. Around 4,200 employees across several agencies were laid off in total on Friday, according to a court filing filed with

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Government shutdown halts new reverse mortgage endorsements

FHA, Government Lending, Government Shutdown, HECM, Housing Market, HWmember, Reverse, Reverse Mortgage Daily /

The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop

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Fannie and Freddie waive some loan requirements amid shutdown

Fannie Mae, FHA, Freddie Mac, Ginnie Mae, Government Lending, Government Shutdown, HWmember, LendingLife, Mortgage, Origination /

Government agencies and enterprises issued guidance on Wednesday for mortgage lenders and servicers during the current government shutdown, which affects federal employees, services, contractors, vendors and other businesses. Fannie Mae and Freddie Mac are waiving some requirements for lenders due to the potential inability to confirm income, reserves, tax, and Social Security information from borrowers

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NFIP set to expire as shutdown, disaster seasons collide

Climate Change, Disaster Relief, Flood insurance, Government Lending, Housing Market, HWmember, National Flood Insurance Program, Regulatory, Trump administration /

With the National Flood Insurance Program (NFIP) set to expire Sept. 30, just as hurricane and wildfire seasons collide with the threat of a federal government shutdown, uncertainty is mounting for homeowners, insurers and the housing market. The NFIP has faced repeated short-term extensions and lapses, including under the Biden administration two years ago. Between

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Mortgage rates drop below 6% for FHA, VA loans

FHA loan, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, VA Loan /

On Thursday, mortgage rates data from Mortgage News Daily (MND) showed that the 30-year fixed rates for government loans fell below 6%. As of Thursday afternoon, the average Federal Housing Administration (FHA) loan rate was 5.97% and the U.S. Department of Veterans Affairs (VA) rate was 5.99%. Mortgage News Daily also reported 15-year fixed rates

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ADUs could remedy America’s housing crisis, but obstacles remain

accessory dwelling units, Appraisals, Bill Dallas, Government Lending, Housing Inventory, Housing Market, HWmember, Mortgage /

Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the challenges… is that the laws are so difficult and varied

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VA’s John Bell III stepping into new role at Office of Mission Support

Government Lending, HWmember, LendingLife, Mortgage, Team Leaders, U.S. Department of Veterans Affairs, VA Loan, Veterans /

Longtime U.S. Department of Veterans Affairs (VA) executive and mortgage professional John Bell III announced on LinkedIn that he’s leaving his role as executive director of the VA’s Loan Guaranty Service (LGY). Bell’s post on Monday touted his key accomplishments at the VA, such as increasing its mortgage market share from less than 1% to

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