As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.

The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days.

The rapid rise in refinance lending in the second half of 2019 boosted consumer-direct activity for FHA/VA lenders, though the correspondent channel remained the largest source of new business. (Includes data chart.)

Bank of New York Mellon this month lost its designation as a Ginnie Mae document custodian but issuers have time to find a new one.

Some FHA lenders posted out-sized production gains in 4Q, including Equity Prime Mortgage, Freedom Mortgage and Mr. Cooper. (Includes data chart.)

HUD’s Office of the Inspector General will evaluate how the department hires new employees and in what timeframe.

Genworth will contribute $100 million to its private mortgage insurance unit in order to facilitate its acquisition by China Oceanwide.

VA deliveries into Ginnie MBS increased a stunning 44.5% in 2019. The share of refis in total VA securitization saw a sharp increase too. (Includes data chart.)

The coronavirus pandemic could impact operational aspects of the reverse-mortgage business, particularly, appraisal and notary activities.

House pushes through four bipartisan financial services bills; Steven J. Sless Group names Brandy Nickoles as processing manager.