Although FHA is required to maintain a minimum 2% capital ratio, there’s nothing in its Congressional mandate that speaks to a maximum.

The falloff in refinance issuance is easing, but perhaps only because it's nearing rock bottom. (Includes two data charts.)

Private mortgage insurers expect a boost in business from pricing changes in the conventional market. But an FHA mortgage insurance premium cut, expected sometime in the next several months, could swing business back to the government-insured market.

There’s work to be done in the remaining months of the current Congress, including funding the government. If that isn’t done by Dec. 16, the government could shut down, and that has spelled trouble for FHA and USDA originations in the past.

RHS extends Section 502 subsidy pilot program; Rural Development seeks applications for 2023 community development program; FHA promotes 203(k) rehab loans; Nutter shutters; MBA names affordable homeownership advisory council members; Chase launches VA purchase closing cost benefit.

Among the areas that need reform, according to two trade groups: There is no secondary market for the loans. Ginnie Mae could remedy that problem by revising its Title I issuer requirements.

The event was intended to dispel myths, provide information and encourage first-time home ownership among millennials, Gen Z and minorities.

Top executives from the nation’s private mortgage insurers say they’re monitoring volatility and preparing for an uptick in unemployment.

The delinquency rate for FHA single-family loans pooled in Ginnie Mae mortgage-backed securities increased to 7.29% at the end of September, driven by loans in the 30 to 60 days bucket. (Includes four data charts.)