"This change is necessary because VA is not set up or intended to be a mortgage loan restructuring service," said a VA spokesperson.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

It will be the 11th issuance of its type by loanDepot.

Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.

Correspondent production made up 46.1% of the group’s government-insured volume in the fourth quarter.

The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.

Production estimates were required for December because HUD, under the new Trump administration, has yet to publish FHA endorsement figures.

“Much of that is seasonality,” said David Spector, chairman and CEO of PennyMac Financial Services.

FHA activity fell 16.8% while VA production was down 15.1% from January.