Issuance of Ginnie Mae mortgage-backed securities hit a record despite a slowdown in refi volume. The VA remained the top source of Ginnie activity for the second consecutive year. (Includes four data charts.)

FHA should provide targeted cuts to its mutual mortgage insurance premiums, according to the Urban Institute.

The Consumer Financial Protection Bureau and the Department of Justice last month warned they will monitor VA loan servicers for signs of illegal foreclosures.

FHA must address its servicers’ inadequate implementation of COVID-19-related mortgage payment relief, a multistate coalition told the agency late last month.

On the industry wish list: better monitoring of prepayments and support for affordable housing to underserved markets.

Foothill Ranch, CA-based loanDepot is in the process of overhauling its servicing operations. On the way out: subservicing vendors.

The National Association of Mortgage Brokers is seeking legislation that would prohibit credit reporting agencies from selling trigger leads.

FHA extends deadline for feedback on HECMs; FHA revises effective dates for the transition to its Catalyst default monitoring system; VA extends its assisted appraisal processing program; Fannie Mae Desktop Underwriter for government loans to undergo system changes this month; Ginnie to host listening session; Mid America Mortgage secures a gestation repo line; policy changes at FHFA could boost competition between GSE and FHA lenders.

PennyMac Financial had the biggest correspondent platform in the FHA/VA market at the end of the third quarter, but a handful of competitors were gaining ground. (Includes data chart.)

Alanna McCargo will be the first Senate-confirmed president of Ginnie Mae since 2017.