Ginnie eyeing permanent emergency credit facility for nonbanks; USDA to hold training sessions on Guaranteed Underwriting System; home equity among seniors hits new record; Ginnie plans temporary business outage; Mortgage Bankers Association rustles support for VA appraisal bill; USDA expands Native American Relending Pilot program.

FHA/VA originations decreased in the second quarter though lending was up in the broker channel. PennyMac, the top government loan originator, saw declines across all three production channels. (Includes data chart.)

At a congressional hearing, industry stakeholders called for increased funding to boost technology and staffing at rural housing programs.

Lenders funded $17.71 billion of home-equity conversion mortgages during the first six months of the year as housing wealth continues to grow among homeowners 62 and older. (Includes three data charts.)

FHA and VA forward endorsements continued to trend downward during the second quarter of 2022 despite an increase in purchase-mortgage business guaranteed by the two government agencies. (Includes three data charts.)

The government mortgage insurer wants to see how decisions made during the origination process impact the loan life cycle.

American Financial Network has agreed to pay roughly $1 million to settle allegations it fraudulently originated FHA loans.

Commenters said the challenges that servicers face in responding to COVID-related loss-mitigation programs argue against a rush by VA to implement its servicer tier rankings.

The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.

Government lending declined across all three major production channels during the first quarter of 2022. However, the correspondent platform was able to significantly boost its market share. (Includes data chart.)