Lender trade groups are maintaining hope that Congress will vote to pass a trigger lead ban before the December holidays.

“This program will facilitate much-needed liquidity for issuers while improving the stability of the government-backed reverse mortgage market,” said Sam Valverde, Ginnie’s acting president.

The top three FHA lenders: UWM, Rocket and DHI...

Turner, currently chief visionary officer for multifamily housing developer JPI, also worked in the first Trump administration.

Lenders originated $112.67 billion of FHA and VA loans in the third quarter — the highest quarterly volume for the government loan programs since the second quarter of 2022. (Includes three data tables.)

FHA Commissioner Julia Gordon said it is probably time to consider FHA pricing adjustments. However, any decisions may need to wait until the next administration comes in. (Includes data table.)

Stanley Middleman, founder and CEO of Freedom Mortgage, said the next administration’s approach for FHA and VA should be “if it’s not broken, why fix it?”

Gregory Keith, senior vice president and chief risk officer at Ginnie Mae, will assume the duties of president starting next month.

The capital ratio for FHA’s home equity conversion mortgage program grew nearly 800 basis points, helped by home price trends.

The agency wants the loan application for its Title I manufactured housing programs to more closely align with industry standards.