Consequently, top-tier banks that offered FHA-insured mortgages have opted to either restrict their government business or exit the program altogether…

David Stevens, MBA president and chief executive officer, said the FHA’s newer books of business have great credit quality, which makes the spike in 30-day delinquencies more surprising.

Banks continue to pull away from directly funding FHA loans in the retail channel, citing the potential legal liability…

Nondepositories now dominate FHA production after several large banks exited the government program due to growing concern over potential liability arising from federal lawsuits…

On the extreme end, 30 percent expressed dissatisfaction with their current LOS but did not say whether they were ready to toss it overboard…

Brian Montgomery’s proposed Office of National Housing Policy would be headed by a “housing policy czar…”

One big positive for lenders: the mortgage industry could see a reduction in new rule-making from HUD and perhaps a reversal of certain regulations promulgated during the Obama administration.

Through the first nine months of 2016 the HECM volume leaders were American Advisors Group, One Reverse Mortgage and Reverse Mortgage Funding.

The agency said 108,875 homeowners avoided foreclosure after seeking assistance from a HUD housing counselor.

In the third quarter, the top FHA rehab were Prospect Mortgage, Movement Mortgage and Wells Fargo.