The reverse mortgage industry is lauding a recent Ginnie policy change designed to reduce liquidity pressures for issuers of MBS backed by FHA home equity conversion mortgages.

Moody’s warned that a government shutdown could lead to a downgrade of its AAA rating for the U.S., Fannie and Freddie plan new social disclosures; DBRS proposes revisions to CLO rating criteria.

If the federal government shuts down starting Oct. 1, the mortgage market will largely carry on, but with some complications.

Top executives of Freedom Mortgage, NewRez and Mr. Cooper said servicing operations have helped them sail through the originations storm.

Buydowns have fallen out of favor among borrowers this year as interest rates have continued to rise.

Mortgage performance could soon turn a corner, according to Black Knight.

Government-insured mortgage originations grew across all three lending channels in the second quarter, with brokers gaining market share from the correspondent channel. (Includes data chart.)

The VA loss-mitigation service program will more likely be launched next year, Michelle Corridon, deputy director of policy at VA, said during a recent MBA conference.

Panelists at a Community Home Lenders of America roundtable discussed the challenges in targeting low- to moderate-income borrowers, including first-time and minority homebuyers.

Ginnie Mae officials remain confident that most of its issuers will be ready to comply with new financial eligibility requirements set to go into effect Sept. 30.