Late on Jan. 27, the Trump administration ordered a pause for federal loan and grant activity, but the vague wording of the order prompted uncertainty for the mortgage market.

FHA servicing volume increased by 2.5% on a quarterly basis, hitting $1.39 trillion at the end of the fourth quarter of 2024.

A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.

As of the end of September, the agency had 265 employees, up 25% from a year ago.

Among many other issues, the shutdown would pause authorization for new flood insurance policies under the National Flood Insurance Program, potentially impacting home sales.

The Senate approved S. 3502, The Home Buyers Privacy Protection Act, on a unanimous vote.

An affiliate of Proprietary Capital prevailed in a lawsuit against Mr. Cooper Group.

Cardinal started originating VA loans using 10 T scores in October.

“This program will facilitate much-needed liquidity for issuers while improving the stability of the government-backed reverse mortgage market,” said Sam Valverde, Ginnie’s acting president.

Payoffs accounted for 89.1% of total loan liquidations from Ginnie MBS in the third quarter.