Lenders using automation to enhance underwriting should ensure their models measure fairness to applicants and not just data accuracy.

Both the correspondent and broker channels increased their share of FHA and VA lending in 2023. (Includes data table.)

For the full year, $14.78 billion in home equity conversion mortgages were originated in 2023, down 50.2% from 2022. (Includes three data tables.)

FHA Commissioner Julia Gordon and Ginnie Mae Senior Vice President of Capital Markets John Getchis spoke during a recent Ginnie Latin America Roundtable in Washington, DC.

The class action seeks to incorporate all FHA borrowers who are owed an unclaimed refund on mortgage insurance premiums due to early termination of their loans.

The Mortgage Bankers Association this month asked FHA to consider using its single-family drafting table to seek comments from the industry before it finalizes guidance on its new payment supplement loss mitigation program.

The new rules come a month after FHA released a final rule eliminating the requirement that mortgage lenders register all branch offices where they conduct FHA business.

HUD issued a final rule clarifying requirements for its Section 184 Indian Housing loan guarantee program.

Congress reauthorizes National Flood Insurance Program; Navy Federal Credit Union completes external review; and more.

The National Association of Hispanic Real Estate Professionals called for more public policy to support Hispanic lending, including through special purpose credit programs.