Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ.

Thanks to high forbearance readings and escalating delinquencies, Wells Fargo is once again playing the Ginnie buyout game. It’s not alone.

According to HUD’s internal watchdog, Benjamin Carson Jr.’s emails and business records show that he did not secure a direct financial benefit in his involvement with a HUD listening tour.

Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist.

JPMorgan Chase, Citi and Bank of America have committed funds to spur economic opportunities in underserved communities.

The final version of the disparate-impact rule shifts the burden of proof to show housing discrimination from lenders onto borrowers.

The merger between Genworth and China Oceanwide Holding Group has been extended for the 16th time. The new cutoff: Nov. 30.

Recently proposed legislation would raise the IRRRL fee from 50 basis points to 85 bps. Lenders are not happy.

The outlook for HECM lending remains positive as rates remain low and seniors move to tap home equity during these troubled economic times. (Includes data chart.)

Under the new policy, borrowers must have made at least three consecutive monthly payments post forbearance in order to refinance, down from the standard six-month requirement.