High churn rates in the VA program lead to higher interest rates for FHA borrowers because loans from the two programs are pooled together in Ginnie Mae MBS. But there’s not a clear path to separate them.

The bill would stop FHA from collecting mortgage insurance premiums once a borrower’s loan-to-value ratio declines to 78%.

Some lending operations will continue as usual, though authority to write new policies under the NFIP expired.

FHA's Matt Jones said the mortgage insurer plans to take a “hard look” at energy conservation code requirements.

Mortgage servicers have been putting in the hours to prepare for FHA’s expedited rollout of its new loss-mitigation waterfall beginning next month.

Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.

Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.

Issuance of Ginnie Mae single-family mortgage-backed securities declined slightly in August. FHA deliveries were off by 1.9% due to a downturn in purchase mortgages. (Includes two data tables.)

Lenders and consumer advocates urged FHA to study the financial habits of users of buy-now-pay-later services before making policy changes to how the accounts are used in mortgage underwriting calculations.

FHA will begin transitioning appraisal forms to the Uniform Appraisal Dataset 3.6 in the spring.