Steven Abrahams of Amherst Pierpont Securities believes FHA might use surplus MMI funds to subsidize first-time homebuyers and other traditionally underserved communities.

FHA Catalyst activates new mortgagee administrator role; VA increasing aggregate loan guarantee funding for specially adapted housing; Ginnie Mae to adopt blockchain technology; VA to hike fines for lenders that make false loan guarantee certifications.

FHA should provide targeted cuts to its mutual mortgage insurance premiums, according to the Urban Institute.

PennyMac Financial had the biggest correspondent platform in the FHA/VA market at the end of the third quarter, but a handful of competitors were gaining ground. (Includes data chart.)

California continued to have a solid lead in originations of home-equity conversion mortgages in the first nine months of 2021. (Includes two data charts.)

For the first time since late 2019, purchase-mortgage endorsements exceeded new refinance loans in the FHA/VA market. And FHA narrowed the gap between the two programs. (Includes three data charts.)

FHA plans to take a multiprong approach to expanding homeownership among underserved communities as a way to address the racial wealth gap.

Spouses and children of Black World War II veterans who were shut out of the VA home loan program would be eligible under new legislation introduced this month.

Veterans United Home Loans offered to pay off the mortgage of 11 borrowers as part of a Veterans Day promotion.

FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.