The warning comes in the wake of a Government Accountability Office report identifying weaknesses in FHA’s oversight of HECMs, particularly in monitoring, performance assessment and reporting.

Keep in mind that, Ginnie MBS is back-stopped by the full faith and credit of the U.S. government. By comparison, Fannie Mae/Freddie Mac MBS carry an “implied” guarantee.

The VA program saw the sharpest spike in refi activity, shooting up 69.7% from the second quarter.

Sources indicated that Kasper was hoping to be nominated as permanent president; but, in what has become a pattern for the Trump administration, the nomination notice never came.

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…

Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…

The gain in retail market share came at the expense of both correspondent and wholesale-broker originations.

The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…