The flow of refinances declined 21.5% on a monthly basis to $8.90 billion in July.

Key point: Although 30-day lates make up 2.1% of all mortgages, 38% of that is comprised of FHA mortgages.

Issuance of Ginnie Mae mortgage-backed securities in July declined slightly from the previous months due to a slowdown in refinances. (Includes two data tables.)

Frank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.

The Senate Committee on Banking, Housing and Urban Affairs approved legislation that would make reforms across government-backed loan programs.

The builder and its mortgage unit sharply increased securitization volume of FHA loans over the past two years by offering interest rate buydown incentives.

The Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.

The delinquency rates on FHA-insured mortgages remain relatively low on a historical basis, but are being closely watched as they rise.

The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.

VA partial claims greenlit; FHA implements multi-factor authentication; lawmaker calls for DOGE investigation at HUD; HUD sells HECMs in bulk.