Who might get the FHA and Ginnie jobs in the Biden administration? Right now, there aren’t many clues.

Michigan-based lender Home Point is joining the stampede into public ownership.

Volume was up more in correspondent and wholesale-broker platforms, but retail continued to account for just over half of government-insured lending in the third quarter.

United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.

Home Equity Conversion Mortgage production increased 19.6% in the third quarter and a whopping 56.9% through the first nine months of 2020.

When it comes to early buyouts, most of the action, to date, has centered on FHA product.

FHA revises URLA form; MI premium tax deduction extended; CFPB warns about HECM scams.

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)

High unemployment readings are fueling an increase in Ginnie forbearance. Trouble ahead?

McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.