Issuance of both purchase mortgages and refinances increased last month, with refi volume hitting its highest level since November. Most Ginnie issuers in the top 10 beat the overall monthly growth. (Includes two data tables.)
Appropriations to the FHA for administrative expenses would increase by $10 million over fiscal year 2025 funding levels under the Trump administration’s discretionary budget proposal.
FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.
A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.
FHA’s claims without conveyance of title program already saves FHA, servicers and borrowers time and money, and the program could be made more effective, according to analysts at the Urban Institute.
Andrew Hughes confirmed as HUD deputy secretary; HUD to end affirmative fair housing marketing requirements for FHA multifamily program applicants; HUD updates civil monetary penalty amounts to match inflation.
Ted Tozer, a fellow at the Urban Institute and former Ginnie president, said he expects the volume of buydowns in custom single-family pools to explode as lenders take advantage of the rule change.