Servicers have limited means to mitigate continued increases in tax assessments and property insurance premiums that squeeze borrowers.

Ginnie Mae President Joe Gormley said the agency is making progress on its transition to loan-level processes.

Homeowners are beginning to relinquish their COVID-era mortgages.

Issuance of Ginnie Mae mortgage-backed securities increased by 3.5% on a monthly basis in January.

The Department of Veterans Affairs is developing policy to support the partial claim program authorized by Congress last year, according to the executive director of VA’s Loan Guaranty Service.

Servicers are doubling down on their recapture strategies, but to an extent they might be racing the clock as borrowers lose satisfaction with their servicer over time, industry leaders said this week.

VA is set to brief members of Congress on the new program and then head toward implementation.

In October, FHA launched long-awaited updates to its waterfall, instating a trial payment plan that a borrower would have to complete before taking a permanent loss-mitigation option.

Issuance of Ginnie Mae mortgage-backed securities increased modestly during January. Issuance backed by USDA recovered to recent highs after a partial shutdown halted endorsements late last year. (Includes two data tables.)

Delinquent FHA loans stay that way for longer under the loss-mitigation updates FHA rolled out at the start of the fourth quarter.