The Mortgage Bankers Association’s MORPAC political action committee has raised a record-breaking $2.7 million during the current election cycle and mortgage brokers recently launched their own PAC.

The unprecedented concentration of Black women leadership in the housing finance industry is an opportunity to make changes that have been long overdue, according to Ginnie Mae President Alanna McCargo.

Under the initiative, the Department of Housing and Urban Development will also increase trainings for CDFIs to become FHA-approved lenders.

The Federal Open Monetary Committee said it also plans further reductions in its holdings of mortgage-backed securities.

Though two prominent nonbank lenders shuttered recently as the refi business slows, there are currently few concerns about the potential for widespread failures of nonbanks.

Fee-for-service partnerships between mortgage lenders and housing counseling agencies could bring scale to the pre-purchase counseling services HCAs offer, according to industry experts.

Federal Housing Administration Commissioner Julia Gordon said at a conference that her agency is looking at what options it has to boost housing supply, and hopes to use manufactured housing to help close the gap.

The Mortgage Bankers Association, in a letter to House leadership, supported funding Federal Housing Administration staffing and systems upgrade and said it wanted more funding for Ginnie Mae staffing, training and technology.

Most of the increase in the Ginnie delinquency rate was on the FHA side.

Delinquency rates on FHA and VA loans pooled in Ginnie Mae MBS increased in the second quarter of 2022. Most of the spike was on the FHA side. (Includes four data charts.)