Two brokers-turned-whistleblowers appealed a summary judgment granted in favor of Mortgage Investors Corp. in an IRRRL-related lawsuit.

Michigan-based lender Home Point is joining the stampede into public ownership.

According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.

United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.

When it comes to early buyouts, most of the action, to date, has centered on FHA product.

New claim types available: the Claims Without Conveyance of Title and the COVID-19 National Emergency Standalone Partial Claim.

Freedom Mortgage and PennyMac remained the top Ginnie MBS issuers in November, though their monthly production was down slightly. Quicken and Lakeview gained ground. (Includes two data charts.)

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)

Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.

Nearly 93% of all the FHA loans to millennials that closed in October were for home purchases.