The recent rise in FHA delinquencies appears to be an artificial effect caused by the new trial payment plans borrowers must complete before loans can be modified, according to research by the Center for Responsible Lending.

Ginnie Mae MBS issuance declined 10.7% in the first quarter of 2026 due to a seasonal slowdown in purchase lending. Refinance activity held steady, helped by FHA business. (Includes four data tables.)

FHA Commissioner Frank Cassidy has taken a leave of absence for the foreseeable future.

President Trump’s proposed budget for fiscal year 2027 would appropriate $160 million for FHA’s administrative expenses, level with the 2026 funding level.

The addition of the trial payment plan in FHA’s loss-mitigation waterfall appeared to have accounted for most of the recent jump in FHA severe delinquencies, according to research published by CRL.

The surviving spouse of a home equity conversion mortgage borrower sued the Department of Housing and Urban Development and PHH Mortgage over the foreclosure of the home she still occupied.

Lawmakers in the Senate introduced a version of a bill to expand mortgage lending by members of the Farm Credit System.

The Ninth Circuit ruled this week in favor of Academy Mortgage over a multiplier applied to the attorney’s fees awarded in a False Claims Act settlement involving FHA mortgages.

FHA seeks underwriting head; FHEO pulls guidance documents; Pennymac supports House VA disclosure measure; HUD seeks revisions to HOME condo spending.

Ginnie Mae hasn’t formally assessed the risks of the growing nonbank concentration in its portfolio, according to the HUD OIG.