Ginnie Mae MBS production rose in April thanks to strong increases in both purchase and refinance business. Rate-term transactions accounted for much of the surge in refi activity, but cash-out deals remain the most prevalent. 

FHA’s and VA’s purchase originations fell during the first three months of 2019 despite lower interest rates. On the other hand, lower rates helped boost both programs’ refinance production during the quarter. 

FHA is seeking feedback on proposed changes to loan-level and annual lender certifications and the defect taxonomy to clarify lender liability under the False Claims Act. 

Dozens of VA lenders have been subpoenaed by the US Attorney’s Office in Brooklyn to turn over hundreds of VA loan files in connection with an investigation of their lending practices.

FHA is seeking public comment on a proposed rulemaking as it looks to make permanent its long-running single-family loan sale program.

Ginnie Mae is seeking feedback from stakeholders on the impact of potential changes to rules governing loan eligibility for Ginnie II multi-issuer MBS pools.

NewDay USA has renewed its warehouse facility for $100 million, bringing total warehouse commitments to $400 million.