A key question in setting up a special purpose credit program is whether the lender will target a population based on a characteristic such as race or whether it will use geography as a proxy for the target group.

The persistence of work-from-home arrangements has given job seekers less incentive to relocate, according to a new quarterly survey from Challenger, Gray & Christmas.

Ginnie Mae is expanding a working partnership with the Federal Home Loan Bank of Chicago to help spread the word about its Mortgage Partnership Finance program.

In recent months, Ginnie has moved beyond the pilot stage for its eNotes program and doubled the number of its issuer participants to 22.

FHA Commissioner Julia Gordon said FHA plans to “very soon” add a proposal to its drafting table on options that mortgage servicers can use to help borrowers reduce their monthly payments to keep them in their homes.

The company estimated more than 90 million households will meet the income eligibility requirements for the program.

FHA's partial claim option isn’t working well enough, according to FHA Commissioner Julia Gordon.

FHA last updated the rules for its condo approval process in late 2019 and encourages feedback from industry.

Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.

There's some competition between FHA and private mortgage insurance companies, though much of their business is focused on different sets of borrowers.