The HUD OIG will soon report on an audit examining Ginnie Mae’s process for managing troubled issuers, according to Inspector General Rae Oliver Davis.

There are separate toolkits for conventional loans and those backed by the government housing agencies.

A new paper by the Joint Center for Housing Studies at Harvard University recommended increasing the amount of downpayment assistance to Black and Hispanic first-time homebuyers using FHA loans.

FHA appoints Edelman as deputy assistant secretary of single-family housing; VA issues updated guidance for noncompliant IRRRLs.

Industry stakeholders have welcomed the FHFA’s plan to make payment deferrals a regular part of loss mitigation. MBA suggested more standardization of workout options is in order.

FHA is taking feedback through April 11 on a new draft mortgagee letter proposing policy changes to its home equity conversion mortgage program.

McCargo also suggested the FHLBs could help bring more stability to the Ginnie system...

The reverse-mortgage market was virtually glowing last year, with production increasing 24.6% to a whopping $29.65 billion. But much of that activity was front-loaded in the first six months. (Includes three data charts.)

Originations of FHA and VA loans through the retail channel dropped a hefty 52.5% in 2022, allowing the correspondent channel to become the dominant source of government-insured lending. (Includes data chart.)

Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.