Issuance of Ginnie Mae mortgage-backed securities increased modestly during January. Issuance backed by USDA recovered to recent highs after a partial shutdown halted endorsements late last year. (Includes two data tables.)
The House Committee on Veterans’ Affairs advanced a bill that would raise fees on the Department of Veterans Affairs’ streamlined interest rate reduction refinance loans.
The Department of Housing and Urban Development has been funded through the 2026 fiscal year by the consolidated appropriations package signed into law last week.
Ginnie Mae said it was working to implement changes to its monitoring frameworks recommended by the Government Accountability Office to curb the risk from the agency’s exposure to nonbanks.
AARP filed a class-action lawsuit against Celink and large home equity conversion mortgage servicers, claiming the parties violated state and federal laws.
The Mortgage Bankers Association said a move to a single-file credit system at Fannie and Freddie wouldn’t undermine government lending programs, but might instead encourage them to follow suit.
The Mortgage Bankers Association joined a growing chorus of industry groups calling for FHA to revisit its mortgage insurance premiums following a strong show of the Mutual Mortgage Insurance Fund.