Soon after the government’s fiscal year ends on Sept. 30, the annual audit of the FHA’s MMIF will be published. Should HUD be worried?

Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS.

BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office.

Roughly 10% of loans backing Ginnie Mae MBS at the end of May were in forbearance because of the COVID-19 pandemic, but over a quarter of them were still current. (Includes data chart.)

Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.

Ginnie MBS investors hate loan buyouts because it alters prepayment speeds. Will the COVID-19 crisis spark a wave of new activity?

Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper.

FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.

Legislation has been introduced in Congress to force FHA’s hand on forbearance. But will it go anywhere?

Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.