The surviving spouse of a home equity conversion mortgage borrower sued the Department of Housing and Urban Development and PHH Mortgage over the foreclosure of the home she still occupied.
The Ninth Circuit ruled this week in favor of Academy Mortgage over a multiplier applied to the attorney’s fees awarded in a False Claims Act settlement involving FHA mortgages.
Among a large group of lenders, the correspondent channel accounted for a 38.0% share of government-insured originations in 2025, up from a 34.5% share in 2024. (Includes data table.)
Endorsements of home equity conversion mortgages increased by 3.2% on an annual basis in 2025, even with four consecutive quarterly declines since the fourth quarter of 2024. (Includes three data tables.)
Servicers of government loans in Ginnie Mae mortgage-backed securities will need to ramp up buyout activity as delinquencies in their portfolios increase.