The Mortgage Bankers Association said its members see value in switching to short-term liquidation reporting.

Issuers will be required to report the removal of single-family loans from Ginnie MBS one business day following the liquidation, bringing reporting requirements in line with Fannie Mae and Freddie Mac.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

The Federal Reserve lowered federal funds rates for the third time this year, but its easing of fiscal policy is expected to drive only modest gains in mortgage lending with interest rates on mortgages expected to hold.

Correspondent partner demand has led Planet Home Lending to activate the Ginnie Mae pools issued for immediate transfer program.

November issuance of Ginnie Mae single-family mortgage-backed securities increased as lower interest rates continued to drive refinance activity. (Includes two data tables.)

Planet Home Lending activated the Ginnie Mae pools issued for immediate transfer program in the third quarter in response to mounting demand from its correspondent lender partners.

FHA proposed loosening restrictions on auction platforms for claims without conveyance of title sales.

Industry groups recommended that FHA consider reverting the upfront mortgage insurance premiums on home equity conversion mortgages to the previous risk-based model.

FHA proposed tweaking its limited 203(k) rehabilitation loan program to reduce financial burdens on contractors.