Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.

The Department of Housing and Urban Development took actions against 65 FHA lenders last year for various program violations.

The Mortgage Bankers Association recommended the Department of Housing and Urban Development publish its proposed Section 184 guidelines in a policy handbook similar to FHA’s rather than in a Code of Federal Regulation.

The Biden administration’s fiscal 2024 budget request includes $61 million for Ginnie Mae; HUD proposes modernized flood mitigation standards; HUD reinstates 2013 discriminatory effects standard; HUD announces fair housing grants.

FHA finalized a permanent stand-alone 40-year loan modification option for distressed borrowers.

Ginnie Mae is wasting no time in looking to find a replacement for Sam Valverde, who was recently promoted to principal executive vice president.

The proposed changes are tied to registration of branch offices where lenders are authorized to conduct FHA business and to applicable fees.

Coordination with FHA and the VA has been instrumental in helping Ginnie Mae implement its environmental, social and governance mortgage-backed securities initiative.

The CFPB has permanently banned RMK Financial/Majestic Home Loans from the mortgage lending business for repeatedly disseminating misleading marketing material.

Policy changes could curb denial rates of Black applicants to FHA’s home equity mortgage conversion program, an Urban Institute report says.