The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.

The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.

Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.

More than a dozen actions are planned in the coming months.

The translated documents include loan application materials, model documents and various disclosures...

Under the proposal, to qualify for an FHA loan, single-family homes within the 100-year floodplain would be required to be elevated an additional two feet above base flood elevation when they are newly built or substantially improved.

Production in the segment has been driven by three fluctuating macroeconomic forces: mortgage rates, inflation and housing prices.

Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.

Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.