President Trump has signed a continuing resolution to avoid a government shutdown and prevent the National Flood Insurance Program from lapsing.

The Second Circuit has reinstated the conviction of Michael Gramins, a former trader at Nomura Securities, on charges of conspiracy.

Witnesses at a House subcommittee hearing on the reverse mortgage program called for improved servicer oversight, mandatory loss mitigation for new HECMs and a new risk rating system.

The Senate panel believes such a study is crucial before Ginnie develops a plan to fill gaps in hiring and retention.

The Senate Appropriations Committee has directed HUD to review Ginnie Mae’s overwhelming reliance on outside contractors to perform key func-tions, including oversight, risk management and compliance.

The bank has managed to sell all securities received as collateral for a ware-house line of credit to now-defunct reverse-mortgage lender Live Well Financial.

Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.

The trade group has urged Ginnie Mae to treat issuer stress testing as just “one tool among many,” in which results serve as the basis for further analysis and engagement rather than as a driver for enforcement.

HUD’s proposal to allow FHA to unwind its insurance policy to enforce underwriting guidelines is getting mixed reactions from industry stakeholders.

FHA has updated its HECM rule, which allows lenders to offer surviving spouses of deceased borrowers the option of deferring payments and assigning the loan.