There’s currently no bid for Ginnie Mae servicing rights and investment bankers are advising their clients to sit tight and ride it out.

HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies.

In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s.

The VA has released two notices outlining how lenders should address borrowers affected by COVID-19.

Freedom Mortgage, a key originator of FHA and VA loans, recently had its debt downgraded. Of course, it’s hardly alone on that score.

The window for applying for most of these jobs is a little more than a week.

As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.

Bank of New York Mellon this month lost its designation as a Ginnie Mae document custodian but issuers have time to find a new one.

Some FHA lenders posted out-sized production gains in 4Q, including Equity Prime Mortgage, Freedom Mortgage and Mr. Cooper. (Includes data chart.)

Genworth will contribute $100 million to its private mortgage insurance unit in order to facilitate its acquisition by China Oceanwide.