FHA plans to retroactively adjust the calculation of debenture interest rates for claims filed on HECMs due or payable since Sept. 19, 2017.

Senate passes the VA Home Loan Awareness Act; USDA updates income limits for home loan programs; the Department of Housing and Urban Development and the Federal Emergency Management Agency announce partnership to address disaster housing recovery challenges.

The proposal aims to address issues that contributed to the failure of HECM lender Reverse Mortgage Funding in early 2022.

The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.

HUD charged Rocket Mortgage and other entities with appraisal bias.

Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.

The initiative serves as a last resort for the servicer...

Second-quarter Ginnie Mae securitization growth was strongest among purchase-loan originations. But refis picked up steam over 2023. (Includes four data tables.)

FHA said it would consider stakeholder feedback in future policy updates. But industry trade groups are already calling for changes to the cyber incident reporting requirements announced and launched in May.

Servicers have until Oct. 1 to implement the new VA Servicing Purchase loss-mitigation program. Meanwhile, the House Committee on Veterans’ Affairs introduced legislation to authorize a VA partial-claim loss-mitigation option.