VA lending took the brunt of the 3Q22 downturn as its streamlined refinance business all but disappeared. Meanwhile, UWM overtook Rocket in the FHA market. (Includes three data charts.)

VA wants to know if its loss-mitigation options are flexible and adaptable enough for transitional times.

With the FHA MMIF actuarial audit due next month, industry watchers are speculating the timing of an announcement of a potential MIP cut.

A VA Native American Direct Loan offers the same benefits as one from the VA home loan guaranty program but with no private lender in the middle, said John Bell of the VA Loan Guaranty Service.

Ginnie eyeing permanent emergency credit facility for nonbanks; USDA to hold training sessions on Guaranteed Underwriting System; home equity among seniors hits new record; Ginnie plans temporary business outage; Mortgage Bankers Association rustles support for VA appraisal bill; USDA expands Native American Relending Pilot program.

FHA/VA originations decreased in the second quarter though lending was up in the broker channel. PennyMac, the top government loan originator, saw declines across all three production channels. (Includes data chart.)

At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

Lenders funded $17.71 billion of home-equity conversion mortgages during the first six months of the year as housing wealth continues to grow among homeowners 62 and older. (Includes three data charts.)

FHA and VA forward endorsements continued to trend downward during the second quarter of 2022 despite an increase in purchase-mortgage business guaranteed by the two government agencies. (Includes three data charts.)

The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.