Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.

HECM endorsements increased in the third quarter after four consecutive quarterly declines.

Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.

It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.

Both FHA and VA issuance volume declined in November, with VA activity posting the larger fall.

Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.

FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.

Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.

Policymakers need better coordination between FHA and GSE policies, according to Seth Appleton, president of U.S. Mortgage Insurers.

Alliant Credit Union is now offering government-insured mortgage products.