FHA upgrades FHA Connection system to guard against cyberattacks; HUD to revise legal instructions for lenders to obtain full insurance benefits; White House proposes eliminating single-family housing direct loans under the USDA’s Rural Development program.

Recent changes in FHA’s loss-mitigation waterfall will probably mean fewer loan modifications enter Ginnie Mae’s Extended Term MBS, Goldman Sachs said in a recent report.

Although more lenders than ever are turning to automation and artificial intelligence, most see costs as the biggest barrier to the adoption of digital services, according to a survey by Stratmor Group.

Edge Focus issued a $150 million unrated ABS backed by personal loans. The company plans further ABS issuance as part of its loan purchasing strategy.

The Community Home Lenders of America urged members of Congress not to approve fee increases for GSE and government-backed loans in the 2025 fiscal year budget.

“Conventional delinquencies remain near historical lows, but FHA and VA delinquencies are increasing at a faster pace,” MBA noted.

Total delinquencies on FHA loans in Ginnie Mae MBS dipped at the beginning of 2025 but remained high compared to previous years. (Includes four data tables.)

FHA announced sweeping loss-mitigation changes this week, including limiting borrowers to take one loss-mitigation option every two years, rather than a planned 18-month restriction.

The timeline and likeliness of the implementation of a partial claims program are hazy as the Department of Veterans Affairs gears up to end its last-resort home-retention option on May 1.

The outcome of a judge’s ruling in Ginnie Mae’s favor over its seizure of collateral from Texas Capital Bank could make warehouse lenders wary of helping lenders facing liquidity issues, or of lending to reverse-mortgage originators at all, industry participants warn.