PennyMac Financial had the biggest correspondent platform in the FHA/VA market at the end of the third quarter, but a handful of competitors were gaining ground. (Includes data chart.) Read More

Alanna McCargo will be the first Senate-confirmed president of Ginnie Mae since 2017. Read More

A rule allowing borrowers to purchase private flood insurance can be expected in February, according to HUD’s recently released agenda. Read More

Industry stakeholders want mortgage lenders, real estate agents and Congress to work with the Department of Veterans Affairs to enhance the VA home loan program. Read More

California continued to have a solid lead in originations of home-equity conversion mortgages in the first nine months of 2021. (Includes two data charts.) Read More

The Mortgage Bankers Association has sent 39 proposed origination-focused revisions for FHA’s single-family policy handbook. Read More

In comments due last week, industry and consumer groups sought clarity on the transition from LIBOR for adjustable-rate mortgages. Read More

FHA mortgage lenders and servicers shared their concerns with the agency’s single-family housing quality assurance team this week. Read More

Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits. Read More