The forbearance reading for portfolio loans and private label securities worsened, increasing by 26 basis points to 8.94% as of Jan. 17.

Two brokers-turned-whistleblowers appealed a summary judgment granted in favor of Mortgage Investors Corp. in an IRRRL-related lawsuit.

A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector.

When it comes to early buyouts, most of the action, to date, has centered on FHA product.

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)

McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.

Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.

In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.

The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.

Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ.