The U.S. Department of Agriculture plans to make it mandatory for lenders to use its guaranteed underwriting/loan closing system for all single-family loans.

Thanks to high forbearance readings and escalating delinquencies, Wells Fargo is once again playing the Ginnie buyout game. It’s not alone.

The current method for calculating monthly student-loan payments results in artificially inflated debt-to-income ratios.

At the end of June, 14.07% of FHA loans in Ginnie Mae pools were delinquent, nearly double from 7.57% in March.

One option places past-due mortgage amounts in separate junior liens of up to 30% of the outstanding. The lien is repayable when the mortgage ends, which is usually when a borrower refinances or sells their home.

If HUD implements its proposed final disparate impact rule, exceeding its authority, it could be a challenged under the Administrative Procedure Act, according to an industry attorney.

FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.

Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.

MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.