Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.

HECM endorsements increased in the third quarter after four consecutive quarterly declines.

Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.

Both FHA and VA issuance volume declined in November, with VA activity posting the larger fall.

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

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

Policymakers need better coordination between FHA and GSE policies, according to Seth Appleton, president of U.S. Mortgage Insurers.

Alliant Credit Union is now offering government-insured mortgage products.

Among a group of large lenders, the broker share of the government-insured market declined to 20.4% in the third quarter, down from 21.2% in the second quarter.

FHA plans to reduce barriers to the 203(k)-rehabilitation loan program.