The FHA program remains a go-to choice for first-time homebuyers...

Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.

The upfront MIP is 175 bps of the base loan amount on a 30-year fixed-rate FHA single-family loan. Most FHA borrowers pay an annual MIP of 85 bps for the full life of the loan.

Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.

HUD Secretary Marcia Fudge: "The lift is heavy. Black homeownership is less than it was when the Fair Housing Act was passed in 1968 and the percentage of minorities who own homes is a disgrace to the nation.”

A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...

Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume.

The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March...

The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...

Amazingly, there were no bulk transfers of Ginnie MSRs. None.