FHFA and FHA issued new standards for reconsiderations of value.

Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.

The civil monetary penalties resulting from the administrative actions were roughly $26.4 million.

The Mortgage Bankers Association raised concerns about the new requirements.

The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.

Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.

The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.

Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.