FHA waived new language that complicated how partial payments on delinquent mortgages would affect the legal deadline for servicers to proceed with foreclosure.

The House Financial Services Committee voted 50-1 to report out the Housing for the 21st Century Act with amendments.

The Senate confirmed Frank Cassidy and Joe Gormley to lead FHA and Ginnie Mae, respectively.

FHA replaces MCM contractor; VA transitions handbooks to new site; FHA updates Appraiser Roster Management policies.

As of the end of fiscal year 2025, the MMIF's capital reserves were at $188.87 billion.

Despite differing metrics, the average age of first-time homebuyers are in their early-to-mid thirties.

Joe Gormley, Ginnie Mae’s recently confirmed president, informed investors about the agency’s ongoing shift to a system that allows for loan-level transfers of mortgage servicing rights, and its efforts to improve cybersecurity and explore artificial intelligence applications.

The rising cost of credit reports has driven more lenders to seek savings through alternative reporting agencies, or by offsetting costs in other areas, said Lenders One President Justin Demola.

The metrics used to determine who’s most likely to be a first-time homebuyer vary, but lenders can assume they’re still probably around their early- to mid-thirties.

The Mortgage Bankers Association said its members see value in switching to short-term liquidation reporting.