Ginnie Mae is currently conducting one-on-one discussions to help issuers better understand the reasoning behind its new financial eligibility requirements that are set to take effect next year, the agency’s President Alanna McCargo said.

Four trade groups, including the Mortgage Bankers Association, are asking the White House’s National Economic Council to support a reduction in FHA mortgage insurance premiums.

The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.

The House has passed a bill that would require VA to update the guidance and regulations of its home loan program, especially around appraisals.

The Mortgage Bankers Association has recommended changes to FHA’s plans to modify the 203(k) Rehabilitation Mortgage Insurance Program.

The Department of Housing and Urban Development said it is exploring ways to boost greater access to mortgage credit for homebuyers seeking smaller mortgage loans.

FHA pauses integration of Catalyst Electronic Appraisal Delivery module; VA sends proposed rule to OMB; House committee introduces bill to strengthen the Community Reinvestment Act; VA Financial Management System will be unavailable Oct. 1 to Oct. 5; Ginnie Mae to hold modernization outreach call; MBA survey shows uptick in government loan share of weekly mortgage applications.

It seems like a lot of money to pay in tough times...

According to the Ginnie Mae president, the “majority” of the agency’s is-suers would already be in compliance with the new capital requirements. But at least one of its counterparties is considering exiting the Ginnie program.

The mortgage industry is questioning whether today’s market supports multi-million-dollar signing bonuses for top-performing loan officers.