Following seasonal patterns, the number of FHA and VA loans in early stages of delinquency fell sharply from the fourth quarter of 2018 to early 2019. Nonbanks continued to expand their footprint, accounting for 62.2% of outstanding Ginnie single-family servicing.

HUD has agreed to delay its controversial downpayment assistance rule by 90 days in response to a lawsuit brought by a Utah-based tribal housing finance agency. 

Detroit-based FHA lender Quicken Loans said it has no intention of settling its False Claims Act case with the Department of Justice but is willing to participate in a mediation ordered by a federal district court judge.

The Mortgage Bankers Association of America, however, disagrees with the findings.

The VA announced changes to its guidance regarding eligibility and entitlement, processing of loans and minimum property standards. 

Investors can now enhance the liquidity of their Ginnie MBS, thanks to a new platinum product designed for HMBS.

The president/owner of a Massachusetts mortgage firm was sentenced to 32 months in prison for scamming Ginnie out of $2.5 million.

An audit by the HUD IG found that FHA improperly paid partial claims but failed to ensure lenders reinstated the delinquent loans.