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

In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.

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.

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

The incoming Biden administration has picked a HUD secretary, legislator Marcia Fudge. Next up: the FHA and Ginnie Mae jobs.

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.)

Ginnie Mae MSR auctions are a reality once again. Stay tuned.

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.

The delinquency rate rose 54.9 basis points month-on-month to 18.33% in October. (Includes data chart.)