Ginnie Mae MBS issuance declined 10.7% in the first quarter of 2026 due to a seasonal slowdown in purchase lending. Refinance activity held steady, helped by FHA business. (Includes four data tables.)

FHA Commissioner Frank Cassidy has taken a leave of absence for the foreseeable future.

President Trump’s proposed budget for fiscal year 2027 would appropriate $160 million for FHA’s administrative expenses, level with the 2026 funding level.

The addition of the trial payment plan in FHA’s loss-mitigation waterfall appeared to have accounted for most of the recent jump in FHA severe delinquencies, according to research published by CRL.

The surviving spouse of a home equity conversion mortgage borrower sued the Department of Housing and Urban Development and PHH Mortgage over the foreclosure of the home she still occupied.

Lawmakers in the Senate introduced a version of a bill to expand mortgage lending by members of the Farm Credit System.

The Ninth Circuit ruled this week in favor of Academy Mortgage over a multiplier applied to the attorney’s fees awarded in a False Claims Act settlement involving FHA mortgages.

FHA seeks underwriting head; FHEO pulls guidance documents; Pennymac supports House VA disclosure measure; HUD seeks revisions to HOME condo spending.

Among a large group of lenders, the correspondent channel accounted for a 38.0% share of government-insured originations in 2025, up from a 34.5% share in 2024. (Includes data table.)

VA is aiming to roll out its partial claim program in June. The agency is also open to revising its appraisal standards.