The VA plans to issue a circular next month addressing the current prohibition against VA borrowers paying fees or commissions to real estate agents as part of a home purchase.

FHA has doubled the fees servicers are allowed to charge for processing an assumable mortgage to a maximum of $1,800.

The Financial Stability Oversight Council wants Congress to pass legislation that would allow Ginnie Mae to expand its pass-through assistance program for nonbank servicers.

FHA first-lien, single-family home loan applications were turned down more often than VA home loan applications, according to an analysis of HMDA data. (Includes data table.)

The $3.4 million settlement resolves charges that the Arkansas-based Bank of England engaged in bait-and-switch and other deceptive practices when refinancing VA mortgages.

A coalition of conservative organizations, led by the Heritage Foundation, has published a 920-page handbook called Project 2025, laying out the policy agenda for the next conservative administration.

Former HUD Secretary Marcia Fudge joins Taft law firm as partner and public policy chair; MBA President Bob Broeksmit calls for national housing policy director; and Ginnie Mae to allow commingling of digital and paper loans.

Originations of jumbo mortgages declined in the first three months of the year driven by a retreat among banks. Nonbank lenders picked up some of the slack. (Includes data table.)

Freddie Mac’s proposal to acquire closed-end second liens is unnecessary because there are adequate options available in the non-agency market, according to a number of trade groups.

Rejection rates on jumbo mortgage applications increased last year even as application volume declined. (Includes data table.)