John Bell stepped down as executive director of the Department of Veterans Affairs LGY office. He was replaced by a longtime VA employee, Patrick Zondervan.
Loan removals from Ginnie Mae mortgage-backed securities increased by 29.3% during the second quarter of 2025, largely due to borrower payoffs, which are typically refinances. (Includes two data tables.)
Julia Gordon, in her final days as commissioner, granted low-income credit unions a waiver from meeting FHA’s net worth requirements for lenders. The action was only recently formally disclosed.
Most lenders will likely continue to follow existing laws and maintain responsible practices, according to a managing director at a bank’s investment division.