Frank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.

The Senate Committee on Banking, Housing and Urban Affairs approved legislation that would make reforms across government-backed loan programs.

The builder and its mortgage unit sharply increased securitization volume of FHA loans over the past two years by offering interest rate buydown incentives.

The Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.

The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.

VA partial claims greenlit; FHA implements multi-factor authentication; lawmaker calls for DOGE investigation at HUD; HUD sells HECMs in bulk.

Redwood Trust is putting more of an emphasis on acquiring and originating non-agency mortgages.

Deephaven Mortgage is helping to tackle the housing shortage through education and building investor awareness for non-agency products such as residential transition loans.

AG Mortgage Investment Trust and Chimera Investment are acquiring lenders that originate non-qualified mortgages.

Newrez, the mortgage-banking division of Rithm Capital, increased its non-agency production by 42% to $1.1 billion in the second quarter.