Lenders are using numerous tactics to originate mortgages for first-time buyers. There are also calls for FHA to drop its downpayment requirements.

Former Ginnie Mae President Ted Tozer wants FHA to consider adjusting or eliminating its minimum downpayment requirement to put homeownership in the reach of more consumers.

The volume of FHA loans securitized into Ginnie Mae mortgage-backed securities increased 2.3% between July and August, while VA loan production sent to Ginnie declined at a similar rate. (Includes two data charts.)

The Mortgage Bankers Association wants FHA to clarify language around the separation of credit and collateral delegated endorsement designations.

FHA said the requirement unnecessarily prevented or delayed borrowers from obtaining mortgages.

MISMO seeks participants for VA-document-related working group; Senate banking subcommittee to hold housing supply hearing; HUD to host housing counseling conference; OMB to hold tribal consultation on 2025 budget; HUD to co-sponsor special purpose credit program roundtable; UWM expands soft credit check program.

FHA lending growth outpaced VA in the second quarter.

Government-backed originations increased in the second quarter thanks to a seasonal boost in purchase mortgages. FHA production outpaced VA lending, and the top lenders largely increased originations. (Includes three data charts.)

Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires.

The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board.