Ginnie eyeing permanent emergency credit facility for nonbanks; USDA to hold training sessions on Guaranteed Underwriting System; home equity among seniors hits new record; Ginnie plans temporary business outage; Mortgage Bankers Association rustles support for VA appraisal bill; USDA expands Native American Relending Pilot program.

The approaching midterm elections have once again sparked debate on when the FHA will announce a reduction in insurance premiums. Will the Biden administration use an MIP cut to stoke Democratic support?

Among purchase mortgages with primary mortgage insurance, GSE volume declined in the third quarter while FHA and VA volume increased. California also lost its spot as the top source of loans with MI. (Includes two data charts.)

FHA’s Title II program provides limits on the maximum loan amount but doesn’t set a floor...

FHA/VA originations decreased in the second quarter though lending was up in the broker channel. PennyMac, the top government loan originator, saw declines across all three production channels. (Includes data chart.)

Speaking at a Housing Finance Strategies event this week, FHA Commissioner Julia Gordon said she wants to improve the way the agency interacts with lenders and servicers.

Verified on-time monthly payments of $300 or more in the previous 12 months will be considered as positive rental payment history.

Industry stakeholders are calling for regulatory and legislative changes to support the FHA Title I manufactured housing program.

Hearings in Congress with the CEOs of seven megabanks stretched for more than nine hours across two days. The executives touted mortgage programs for minorities and listed their regulatory concerns.

Loan performance at Fannie and Freddie leads overall delinquency rates to a two-decade low.