Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.

Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.

Issuance of Ginnie Mae single-family mortgage-backed securities declined slightly in August. FHA deliveries were off by 1.9% due to a downturn in purchase mortgages. (Includes two data tables.)

Lenders and consumer advocates urged FHA to study the financial habits of users of buy-now-pay-later services before making policy changes to how the accounts are used in mortgage underwriting calculations.

FHA will begin transitioning appraisal forms to the Uniform Appraisal Dataset 3.6 in the spring.

Among the top 20 FHA/VA producers in 2Q25, not one was a federally insured depository.

Julia Gordon, in her final days as commissioner, granted low-income credit unions a waiver from meeting FHA’s net worth requirements for lenders. The action was only recently formally disclosed.

Issuers are looking to create spec pools of FHA loans to help reduce default risk.

Key point: Although 30-day lates make up 2.1% of all mortgages, 38% of that is comprised of FHA mortgages.

Frank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.