Delinquency rates for FHA and VA mortgages pooled in Ginnie Mae MBS increased across the board in the third quarter, with the total delinquency rate on FHA loans topping 10%.

Officials from the government agencies last week discussed plans to boost nonbank liquidity to ensure the entities can survive the next housing crisis.

The Mortgage Bankers Association warned that the proposed changes would expose servicers to new operational and regulatory risks.

The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development.

FHA released a draft mortgagee letter this week proposing new nonjudicial foreclosure processes for mortgage liens held by the secretary of the Department of Housing and Urban Development.

The company previously launched an automated underwriting tool for government-sponsored enterprise mortgages, and is now considering one for VA loans.

The changes include higher loan limits for the 203(k) loans as well as higher fees for FHA-approved consultants.

FHA releases draft guidance on employment requirements for direct endorsement underwriters; OIG outlines top HUD management challenges; MISMO plans reverse mortgage data standards; and HUD announces latest appointments to Housing Counseling Federal Advisory Board.

A rise in VA and FHA refinance business helped to increase Ginnie Mae mortgage-backed security issuance in the third quarter. The increase in purchase-mortgage volume was more modest. (Includes four data tables.)

Streamlining the adoption of new loss-mitigation programs ahead of deadlines can help servicers enhance their loan portfolios, according to a white paper from DLS Servicing Consultants.