Uncertain as to what the Department of Veterans Affairs will propose to curb churning of VA cash-out refinance loans, analysts are recommending that Ginnie Mae temporarily segregate some of the loans in mortgage-backed security pools until the department implements new rules.

Some industry lobbyists believe the Senate Banking Committee hearing on GSE pilot programs will not be held this year at all.

The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.

The Department of Veterans Affairs wants to act quickly to stamp out cash-out refinance transactions that it deems abusive to service members. It’s going to bypass a lengthy rulemaking process and issue an interim rule to address the problem.

However, average debt-to-income ratios were all over the map…

Did CNBC's Jim Cramer do any research on the mortgage industry before he opened his mouth?

FHA forward mortgage production plunged in the third quarter, precipitated by a substantial drop in purchase activity. [Includes two data charts.]

The Department of Veterans Affairs this week laid the groundwork for changes to its current rules on VA-guaranteed cash-out refinance loans.

Home Equity Conversion Mortgage originations saw a modest 4.7 percent sequential fall in the third quarter as the downward volume trend for reverse mortgages continued. [Includes one data chart.]

In an analysis of FHA’s fiscal 2018 audit of the Mutual Mortgage Insurance Fund, analysts believe the Department of Housing and Urban Development may be inclined to shrink FHA’s footprint modestly given the risk profile of its new business.