FHA/VA originations decreased in the second quarter though lending was up in the broker channel. PennyMac, the top government loan originator, saw declines across all three production channels. (Includes data chart.)

New FHA loan applications and endorsements have been declining steadily since hitting peaks in late 2020, and cash-out refinances make up a growing share of the market.

Speaking at a Housing Finance Strategies event this week, FHA Commissioner Julia Gordon said she wants to improve the way the agency interacts with lenders and servicers.

The bill amends a law passed two years ago that allowed more National Guard members and reservists to access the VA home loan program.

Verified on-time monthly payments of $300 or more in the previous 12 months will be considered as positive rental payment history.

The guidance is aimed at helping issuers understand how the new risk-based capital ratio requirements apply to mortgage servicing rights, among other issues.

At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

To date, Treasury has approved HAF plans from 176 tribes.

Industry stakeholders are calling for regulatory and legislative changes to support the FHA Title I manufactured housing program.

Ginnie details buyout authority for loans impacted by hurricanes; HUD seeks comments on inflation-adjusted civil penalty policy; VA extends recission date for COVID-related relief; CFPB issues RFI on refis; VA submits loss-mit rule to OMB; Senate approves stopgap spending bill.