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.

Younger borrowers are behind much of the growth of VA purchase mortgages, according to an analysis by Veterans United.

Two new bills in the House aim to modernize FHA multifamily loan limits by more than quadrupling the current caps.

Progress on FHA, Ginnie nominee confirmations; USDA preps for delegated authority; FHA Connection MFA compliance extended; FHA expands HECM, HMBS comment period.