FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.

A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.

A&D Mortgage will carry on the flexible FHA lending practices previously observed at the former Flagstar’s correspondent unit.

Ginnie Mae announced it will remove the 10% concentration limit on its single-issuer, custom single-family pools, effective June 16.

FHA’s claims without conveyance of title program already saves FHA, servicers and borrowers time and money, and the program could be made more effective, according to analysts at the Urban Institute.

Andrew Hughes confirmed as HUD deputy secretary; HUD to end affirmative fair housing marketing requirements for FHA multifamily program applicants; HUD updates civil monetary penalty amounts to match inflation.

Ginnie Mae eliminated the 10% concentration limit on buydown securitizations in custom single-family MBS.

A successful partnership between an investor and an originator comes down to reliability and consistency, speakers at the Non-QM Forum last week said.

Due diligence firms can use the review scope to assess seasoned residential mortgages, assigning positive grades for loans with 36 months of strong performance.

PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.