The number of veterans and service members who plan to purchase a home in the next six months has increased, according to a new quarterly survey of prospective homebuyers by Veterans United Home Loans.

HUD finalizes rule on interested party contributions for FHA HECM for purchase program; Ginnie announces payment default status dataset; federal jury convicts FHA borrower of fraud; and more news briefs.

A surge in refinance activity — especially in the VA program — led to a significant increase in loan removals from Ginnie Mae MBS during the first quarter of 2024.

Sam Valverde, Ginnie Mae’s principal executive vice president, will serve as acting president, while Laura Kenney, senior advisor for strategic operations, will assume additional duties.

loanDepot is preparing to issue a non-agency MBS stocked with scratch-and-dent mortgages.

In a first for both companies, student loans originated by SoFi will go into a risk-sharing transaction with help from Bayview.

The CFPB this week issued a report regarding numerous “junk fees” charged by mortgage servicers. The servicers were generally ordered to refund the fees and change their practices.

The two resignations in less than two months and in a presidential election year have created some uncertainty over the future of other political appointees in the federal housing sector.

Potential homebuyers are showing stronger demand for mortgages than they were a year ago, even though interest rates are higher now. Economists at Fannie Mae revised their projections for mortgage originations upward last week.

Lenders, servicers and others in the housing market should work together to educate consumers on the financial impact of climate change, according to participants at a conference last week.