The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…

Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert FHA’s archaic information technology systems to a modern technology platform.

California led all states in FHA mortgage securitization with $39 billion…

Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…

“But HUD is doing the right thing here,” said Rob Moore, a senior policy analyst at the Natural Resources Defense Council.

Acting Ginnie Mae President Michael Bright: “If they don’t have money to make principal and interest payments to investors every 20th day of the month, then Ginnie MBS are in trouble.”

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.

Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…

Veterans United Home Loans ranked first among all VA lenders in 4Q17…

Lenders are required to provide early disclosures “no later than the third business day after receiving the veteran’s loan application.”