Ginnie Mae MBS volume was boosted by a 41% jump in VA loan deliveries and a 22% boost in FHA. Both programs saw sharp increases in refi volume along with rising purchase-mortgage business. (Includes four data charts.)

FHA insured at least $13 billion in loans to borrowers with unpaid federal tax debt, according to audit findings by the HUD inspector general. The potential loss on the problem loans could be as much as $6.1 billion, the IG said.

The White House has nominated FHA Commissioner Brian Montgomery as HUD deputy secretary. Meanwhile, interim Ginnie President Maren Kasper is stepping down by the end of next week.

USDA Rural Development announced a two-week delay in funding for the Single-Family Housing Guaranteed Loan program in fiscal 2020.

Lenders are hiring retail loan officers to handle the soaring demand for VA-guaranteed home loans led by lower interest rates.

In a comment letter, the CHLA said its members are opposed to proposals to shrink FHA’s footprint, utilize tiered pricing and increase the FHA insurance fund’s 2% capital reserve ratio.

Disabled veterans who were wrongly charged funding fees for their VA home loans will receive refunds totaling more than $400 million.

Servicers of Home Equity Conversion Mortgage loans should brace for additional on-site supervisory audits, according to attorneys.

The Senate Appropriations Committee has directed HUD to review Ginnie Mae’s overwhelming reliance on outside contractors to perform key func-tions, including oversight, risk management and compliance.