One of the defendants, Intercontinental Capital Group, Bohemia, NY, has already settled and will pay $424,859.

Mark Zandi, chief economist with Moody’s, said the biggest impediment to opening up the FHA credit box is the issue of loan certification.

Ginnie Mae defines “inactivity” as 18 months of dormancy. At least 50 issuers meet that definition...

American Advisors Group ranked first among all reverse mortgage originators in the first half, funding $1.2 billion. None of the top 15 are depositories.

Ginnie Mae securitization data for the first six months reflect an upward trend in VA loan originations...

Concerned with worsening late-claim filing, the FHA proposed to establish a timeframe for filing insurance claims and to penalize lenders with complete termination of insurance...

Despite strong earnings from the MI sector the past year, regulatory scrutiny remains, particularly in efforts by an NAIC working group to develop risk-based capital standards...

Under the new policy, corporations must provide the DOJ with all relevant facts about individuals involved in corporate misconduct if they hope to get leniency or credit for cooperation in the investigation.

All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.

It is unclear how many developments have expired approvals but the number could be significant, Shrum said.