In a 57-to-40 vote, the Senate confirmed Trump nominee Dana Wade as FHA commissioner. She replaces Brian Montgomery.

The attachment point in the transaction is 2.50% on a cumulative basis whereas prior deals were at 2.25%. KBW said the increase implies the deal will provide immediate PMIERs capital relief.

At the end of June, 14.07% of FHA loans in Ginnie Mae pools were delinquent, nearly double from 7.57% in March.

Noting that competitive pricing can be impacted during disasters such as the one created by the coronavirus, HUD’s internal watchdog has listed red flags officials should look for when reviewing bids.

FHA/VA lending giant Freedom Mortgage lost a court battle over an aborted M&A deal with RoundPoint Mortgage. Is a settlement in the works?

Ted Tozer, the former Ginnie president, wants to head off a potential liquidity crisis before it happens. Is anyone listening?

One option places past-due mortgage amounts in separate junior liens of up to 30% of the outstanding. The lien is repayable when the mortgage ends, which is usually when a borrower refinances or sells their home.

If HUD implements its proposed final disparate impact rule, exceeding its authority, it could be a challenged under the Administrative Procedure Act, according to an industry attorney.

The internal watchdog has raised concerns about HUD’s inability to identify and track personally identifiable information on one billion records.

FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.