The upper ranks of FHA management have been thinned out by resignations over the last year, and the Senate’s on crunch time until midterms, meaning there’s a chance Ginnie Mae president Joe Gormley could be helming both agencies for a while.

Provisions designed to increase borrower awareness of the availability of home loans backed by the Department of Veterans Affairs remain in an expansive housing bill that Congress could pass as soon as next week. The MBA has expressed operational concerns.

Cure activity on FHA loans improved in March and April, though foreclosure starts rose for the third consecutive month in April.

The broker share of government originations increased somewhat on a quarterly basis, mostly poaching market share from the retail channel. (Includes one data table.)

Veterans were more likely than civilians to say they would be comfortable using artificial intelligence in the mortgage process, according to a survey commissioned by Veterans United.

CHLA calls for Ginnie liquidity facility; FHA spreads widen; HUD issues emergency FHA foreclosure moratoriums.

After a boomlet in April, Ginnie issuance declined a bit in May. Refi volume declined, while issuance involving purchase mortgages ticked up thanks to spring homebuying. (Includes two data tables.)

Frank Cassidy, who stepped away from his position as FHA commissioner in April on what was originally a temporary leave of absence, announced this week that he’s returning to the private sector.

The Department of Veterans Affairs updated its loss mitigation waterfall to incorporate the partial claim option that’s received much fanfare since its political inception.

FHA is seeking comments on its minimum property requirements, signaling the possibility of future alignment with the government-sponsored enterprises.