Securitization of refinance loans declined sharply from the second to the third quarter of 2025, while purchase-mortgage volume increased moderately. (Includes four data tables.)

FHA is continuing to endorse most single-family home loans during the government shutdown, but with some constraints.

About a week before FHA’s updated loss-mitigation waterfall went into effect, the agency issued several changes. However, servicers have additional time to incorporate the new updates.

Ongoing maintenance of FHA’s Loan Review System will likely be prolonged by the government shutdown. The system remains offline in the meantime.

High churn rates in the VA program lead to higher interest rates for FHA borrowers because loans from the two programs are pooled together in Ginnie Mae MBS. But there’s not a clear path to separate them.

The Department of Housing and Urban Development wants to know whether any statutory changes could improve the programs. Meanwhile, there is no update on the HMBS 2.0 product proposed last year.

The bill would stop FHA from collecting mortgage insurance premiums once a borrower’s loan-to-value ratio declines to 78%.

LGY updates accepted reservist documentation; HUD reduces multifamily mortgage insurance premiums; USDA posts shutdown banner; USDA encourages multifamily projects to watch costs.

The expansion of government-insured lending through the retail channel in the second quarter outpaced growth in correspondent and broker channels. (Includes data table.)

FHA plans to improve housing affordability by removing proverbial red tape, according to Matt Jones, FHA deputy assistant secretary for single-family housing.