Bill in House would add to IRRRL fees; FHA proposes rejecting applicants with delinquent child support obligations; FHA to automate some case number assignments for condos.

Despite the decline, the delinquency rate at the end of March was above the level seen in March 2025. Some of the increase has been pinned on FHA loss-mitigation changes, though foreclosure activity is also rising. (Includes two data tables.)

Young homebuyers using low- to zero-downpayment loans, usually government-insured loans, can’t compete with cash buyers for single-family homes.

Foreclosure starts on FHA-insured loans were up by about 30% across the first six months of the 2026 fiscal year on an annual basis.

Ginnie altered its reporting guidelines so issuers wouldn’t have to remove large volumes of delinquent loans from MBS all at once. Goldman Sachs analysts warned that the can has just been kicked down the road.

M&T Bank expects its FHA servicing business will have strong returns in the second half of this year.

Some of the largest servicers of loans in Ginnie Mae mortgage-backed securities saw portfolios shrink in the first quarter, according to a new ranking and analysis by Inside FHA/VA Lending. (Includes four data tables.)

The Mortgage Bankers Association’s chief economist warned of some deterioration in FHA loan pools, even as the industry and Ginnie Mae write off the recent increase in delinquencies as an immaterial consequence of altered modification timelines.

M&T Bank’s mortgage-banking income declined in the first quarter because of a change in how it values mortgage servicing rights. The bank is optimistic its FHA subservicing business will see stronger returns in the second half of the year.

HUD Secretary Scott Turner said FHA plans to accept VantageScore 4.0 and FICO 10T scores, but didn’t provide a timeframe.