The increase in delinquency rates among FHA loans originated in recent years probably comes down to inflation, Urban Institute researchers said, ruling out other culprits.

The mortgage industry expects deregulatory moves by FHA will speed up and lower costs associated with the loan origination process.

FHA’s loss-mitigation programs have historically saved the mutual mortgage insurance fund billions by avoiding dispositions, according to a new analysis.

FHA and VA purchase-mortgage volume increased by nearly 30% in the second quarter of 2025 compared with the previous quarter. GSE mortgages with private MI and agency purchase mortgages without primary MI lagged behind. (Includes two data tables.)

Advocates for GSE reform offered the Trump administration some useful guardrails to consider as it plots ending the conservatorships of Fannie and Freddie.

FHA also lowered restrictions on building in areas with flood risk.

HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.

Issuance of both purchase mortgages and refinances increased last month, with refi volume hitting its highest level since November. Most Ginnie issuers in the top 10 beat the overall monthly growth. (Includes two data tables.)

Appropriations to the FHA for administrative expenses would increase by $10 million over fiscal year 2025 funding levels under the Trump administration’s discretionary budget proposal.

FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.