Loan removals from Ginnie MBS declined nearly 10% from the second to the third quarter, with the sharpest drop in buyouts of delinquent loans. (Includes data chart.)

Lenders need to do more to boost first-time homeownership among low- to moderate-income households, according to panelists speaking at the Mortgage Bankers Association’s annual convention.

Chairs of two congressional committees have pledged to fight to ensure a hefty level of funding for housing in the Build Back Better package.

While FHA plans to provide low-cost financing for borrowers mitigating climate hazard, Ginnie said it will consider backing housing programs with environmental, social and governance innovations.

Still, very few homeowners age 62 and above have accessed their home equity since the 2008 housing bust.

FHA/VA loans in COVID-19-related forbearance continue to drop; VA updates eligibility rules on specially adapted housing grants; HUD plans a fair housing event; Ginnie non-agency early buyout securitization planned; VA to host advisory committee meeting on homeless veterans.

During her Senate confirmation hearing, Alanna McCargo, the nominee for Ginnie Mae president, pledged to ensure loss-mitigation tools remain protective as borrowers continue to exit forbearance programs.

FHA extended forbearance by another six months on recent additions to the recovery program and proposed a 40-year loan modification as a loss-mitigation option.

FHA lenders have until Dec. 31 to comply with new changes to financial requirements for mortgagee eligibility.

The Government Accountability Office warned the FHA Catalyst technology modernization program faces an increased risk of outspending its planned $91.9 million budget.