Lenders, servicers and others in the housing market should work together to educate consumers on the financial impact of climate change, according to participants at a conference last week.

The civil monetary penalties resulting from the administrative actions were roughly $26.4 million.

Denis McDonough, secretary of the Department of Veterans Affairs, said VA’s track record on mortgage financing is the best in the industry and that foreclosures among VA borrowers are extraordinarily rare.

Mortgage financing was used on 80% of purchases of primary residences last year, a survey by the National Association of Realtors showed.

Several factors will likely limit changes in prepayment activity in Ginnie MBS as the VA implements a new loss-mitigation program.

VA Secretary Denis McDonough pledged to be transparent with lawmakers on the new VA loss-mitigation program. He said congressional oversight will strengthen performance of the program.

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

In January, Ginnie filed a motion to dismiss Texas Capital's lawsuit, but...

Total issuance of Ginnie Mae mortgage-backed securities declined slightly during the first quarter of this year. Still, volume was up sharply from the first three months of 2023. (Includes four data tables.)

The VA earlier this week announced its long-awaited Veterans Affairs Servicing Purchase loss-mitigation program and said it will launch May 31.