Issuers last month produced a record $57.6 billion of Ginnie MBS backed by forward mortgages. While the flow of purchase loans rose modestly, the key growth engine was the refinance market. (Includes two data charts.) Read More

VA lending rose to a record $65.06 billion in the third quarter of 2019 as purchase and refinancing activity surged due to a decline in interest rates. (Includes two data charts.) Read More

A recent memo from HUD and DOJ appears to have eased the use of False Claims Act in FHA enforcement. However, compliance attorneys warned lenders not to let their guard down. Read More

HUD last month closed the book on several false claim cases, collecting $42.9 million in settlements from three FHA lenders. Read More

The U.S. Senate approved fiscal 2020 spending packages for government agencies. Some $400 billion has been set aside for new guarantees on FHA single-family mortgages. Read More

There is optimism that the forthcoming FHA annual report on the health of the Mutual Mortgage Insurance Fund will bear encouraging news, according to one analyst. Read More

The agency is seeking feedback on proposed guidance for accepting digital mortgages as collateral for MBS. Read More

VA lenders have until Nov. 15 to bring streamlined refinances into compliance or suffer temporary loss of VA authority to close loans. Read More

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