The Bank of Glen Burnie, a Maryland-based lender, expects to substantially grow its residential mortgage business through its recent acquisition of brokerage VA Wholesale Mortgage.

Alerting delinquent borrowers of their home equity might lead some to sell for a profit, avoiding the costs and disruptions incurred by foreclosure, according to industry analysts.

Trends split during the third quarter in terms of GSE business involving private mortgage insurance. Purchase-mortgage volume increased and refis declined. (Includes three data tables.)

The trade groups want the Supreme Court to intervene and correct a lower court’s ruling that creates uncertainty regarding Fair Housing Act liability in the mortgage industry.

The delinquency rate on loans in Ginnie Mae MBS increased at a much faster pace than that on loans in GSE MBS, with the total delinquency rate for FHA mortgages hitting 10.90% at the end of September.

Homebuilder D.R. Horton and its lending subsidiary DHI Mortgage are accused of using deceptive loan pricing and marketing practices.

FHA is supporting some manual endorsement actions that lenders cannot process themselves.

FHA is continuing to endorse most single-family home loans during the government shutdown, but with some constraints.

About a week before FHA’s updated loss-mitigation waterfall went into effect, the agency issued several changes. However, servicers have additional time to incorporate the new updates.

Ongoing maintenance of FHA’s Loan Review System will likely be prolonged by the government shutdown. The system remains offline in the meantime.