Demand for VA products is being sparked by declining interest rates and the fact that these government-backed loans do not require any downpayments.

Final testing and training for IOPP began this winter, with deployment expected “in early 2015,” Ginnie Mae said.

FHA told lenders that if a new case number is replacing an old one, the old case cancellation must have been completed before the system will allow for a new one.

Thomas Gamache, national director of retail sales for Guaranteed Rate, has left the company and accepted a position with Citizens Financial Group...

Fannie's "Collateral Underwriter" will provide up to 20 comparables and appraisers will have to defend the comps they use...

FHA lenders may start requesting case number cancellations on Jan. 15, but must submit all requests before midnight on Feb. 26.

However, the VA loan program does not require a downpayment, which is a major attraction for some borrowers.

The proposed inter-agency rule covers only flood-insurance premium escrows and detached structures.

HUD Secretary Castro said the MMIF is on a “positive trajectory,” though he admits the premium reduction could delay its recovery...

The National Association of Realtors recently estimated that in 2014, nearly 234,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums.