Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.

The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.

Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.

CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.

The increase was driven by refinances, particularly VA refis.

Some 0.22% of mortgage borrowers were in forbearance as of the end of February.

FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.

Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.

The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.

Combined, FHA and VA lending declined by 17.7% in the fourth quarter.