California continued to have a solid lead in originations of home-equity conversion mortgages in the first nine months of 2021. (Includes two data charts.)

The Mortgage Bankers Association has sent 39 proposed origination-focused revisions for FHA’s single-family policy handbook.

In comments due last week, industry and consumer groups sought clarity on the transition from LIBOR for adjustable-rate mortgages.

FHA mortgage lenders and servicers shared their concerns with the agency’s single-family housing quality assurance team this week.

Vacant loan sale held by HUD; FHA extends comment deadline on servicing defect taxonomy; VA policy agenda includes plans to finalize a rule for cash-out refis; VA informs on certain appraisal policies; Ginnie Mae reminds issuers to complete renewals or certifications for master agreements; Ginnie revises definition of high-balance loan limits.

Although the central bank this week announced new plans to scale back growth in its holdings, it added $175.27 billion in 3Q21...

ARM lending ticked up during the third quarter though the ARM share of total originations remains well below the level seen in 2019. (Includes data chart.)

In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...

Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.

Mortgage industry stakeholders welcomed Sandra Thompson’s nomination, touting her achievements in her current role as acting director of the Federal Housing Finance Agency.