Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.

Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.

Loan applications declined even as interest rates came down further.

FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.

Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.

Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.

The CFPB is in the process of revising its mortgage servicing standards under Regulation X, and expects to float a proposed rule in March.

Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.

Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.

The Financial Stability Oversight Council pointed to systemic issues if nonbank servicers fail.