Speaking at a recent MISMO summit, FHA Commissioner Julia Gordon said her biggest frustrations at FHA center around technology and procurement.

The court ruled that charging pay-to-pay fees from borrowers who made monthly mortgage payments over the phone violated the Texas Debt Collection Act.

FHA staff had asked HPC whether a repayment plan, an informal forbearance plan or a trial payment plan would be better options for delinquent borrowers rather than a standalone partial claim.

The VA circular came just one day before Congress averted a federal government shutdown with a 45-day continuing resolution.

The Department of Housing and Urban Development can and should do more to help increase the availability of personal property and mortgage loans for manufactured housing, a recent report from the Government Accountability Office said.

If the federal government shuts down starting Oct. 1, the mortgage market will largely carry on, but with some complications.

The heads of mortgage industry trade groups are frustrated that the federal government is crowding out non-agency market participants.

Late last year, Ginnie seized the mortgage servicing assets of Reverse Mortgage Funding after the company filed for bankruptcy, citing liquidity issues.

The VA loss-mitigation service program will more likely be launched next year, Michelle Corridon, deputy director of policy at VA, said during a recent MBA conference.

FHA home equity conversion mortgage endorsements declined by 16.4% from the first to second quarter of the year. (Includes three data charts.)