"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.

In recent years, the share of VA loans in Ginnie MBS pools has grown significantly...

Calabria: “There is much work to do. Markets change and advance. So must we.”