A lack of internal candidates has clouded the replacement process for former FHA Commissioner Frank Cassidy.

Guild Mortgage Company and Movement Mortgage both saw successful first quarters in home equity conversion mortgage lending that led them to gain market share from other top HECM lenders. (Includes three data tables.)

The U.S. Department of Agriculture announced plans to modernize the systems that support its many lending programs, combining them into one platform.

The upper ranks of FHA management have been thinned out by resignations over the last year, and the Senate’s on crunch time until midterms, meaning there’s a chance Ginnie Mae president Joe Gormley could be helming both agencies for a while.

Provisions designed to increase borrower awareness of the availability of home loans backed by the Department of Veterans Affairs remain in an expansive housing bill that Congress could pass as soon as next week. The MBA has expressed operational concerns.

Cure activity on FHA loans improved in March and April, though foreclosure starts rose for the third consecutive month in April.

The broker share of government originations increased somewhat on a quarterly basis, mostly poaching market share from the retail channel. (Includes one data table.)

Veterans were more likely than civilians to say they would be comfortable using artificial intelligence in the mortgage process, according to a survey commissioned by Veterans United.

CHLA calls for Ginnie liquidity facility; FHA spreads widen; HUD issues emergency FHA foreclosure moratoriums.

Ginnie Mae reminded security holders last week that they have the ability to collapse a security group within a multiclass transaction on short notice, an option the agency said has been underutilized.