FHA application share grows; FHA Loan Review System back online; NAR warns of post-shutdown bottleneck; USDA Rural Development nominee testifies.

Vista Index Services plans to release an index next month that will give investors an opportunity to hedge against delinquency risks in Ginnie MBS, rather than selling securities if there’s a downturn.

The bill would require servicers to grant 90 days of forbearance to certain federal employees during a government shutdown.

Homebuilders and lenders balked at the standards.

Alerting delinquent borrowers of their home equity might lead some to sell for a profit, avoiding the costs and disruptions incurred by foreclosure, according to industry analysts.

With the near-term outlook hazy for the government’s SNAP food assistance program as the shutdown drags on, any reduction or end to payments could add to the mounting financial pressures recipients already face, putting pressure on ABS performance.

Fintech firm Pagaya inked a forward flow agreement with investment firm Castlelake for up to $500 million in auto loans.

With the acquisitions of Redfin and servicing giant Mr. Cooper complete, Rocket Mortgage’s executives say the lender is positioned to take advantage of sliding interest rates.

The extended partial shutdown of the federal government is putting stress on some mortgage borrowers.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.