PHH Mortgage agreed to sell servicing rights for HECMs to Finance of America as part of a broader revamp of its strategy.

Former FHA commissioner lands at FDIC; FHA foreclosures rise; MISMO releases government-lending dataset; USDA lowers PITI ratio.

More large aggregators adopted eNotes this year, pushing up the share of closings completed digitally.

After revising its CMBS criteria, S&P Global ratings downgraded ratings on a number of commercial MBS deals.

The U.S. Mortgage Insurers said FHA’s Mutual Mortgage Insurance Fund is overdue for reforms, with the 2% capital ratio requirement not sufficient to meet the standards the GSEs and private insurers must satisfy.

Refi volume in Ginnie MBS issuance increased by 46.7% on a monthly basis to $15.25 billion in October.

Some 4.3% of FHA loans and 7.5% of VA loans are underwater, according to Intercontinental Exchange’s November mortgage report.

Issuers produced $47.87 billion of new Ginnie Mae single-family MBS in October, the highest monthly volume so far this year. Refis accounted for 31.9% of the new issuance. (Includes two data tables.)

As delinquencies and foreclosures rise, more homeowners using FHA- and Department of Veterans Affairs-backed mortgage loans hold negative equity positions.

The Department of Housing and Urban Development pushed back the compliance date for updated energy standards to 2026 while it reviews industry feedback.