FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee this week, relying on stock language or otherwise sidestepping in their responses.

Pennymac is allowing disabled veterans to use their anticipated property tax exemption for loan qualification purposes in certain states.

Developers planning to apply for FHA financing for multifamily units have to wait until Congress reaches an agreement to fund the government, prompting an application backlog.

Click n’ Close is offering free rate lock extensions as the government shutdown puts the USDA home loan program on hold.

The Mortgage Bankers Association and the National Reverse Mortgage Lenders Association requested that Google modify its rules to permit advertising FHA home equity conversion mortgages to seniors.

FHA foreclosures are on the rise, accounting for 38% of all active foreclosures in September.

Former VA LGY leader passes away; HUD extends program updates.

While most of the top Ginnie Mae servicers reported single-digit portfolio increases in the second quarter, United Wholesale Mortgage’s Ginnie servicing volume increased a whopping 87.8% year over year. (Includes three data tables.)

Most government-insured mortgage lending continues while the government is out of commission, but lending under the Department of Agriculture’s Rural Housing Service is on hold.

Despite best efforts of lenders to create awareness of the VA home loan program, many veteran borrowers still fall through the cracks, according to Freedom Mortgage COO Mike Patterson.