In addition to the $36 million judgment against Golden First, Movtady was ordered to pay a $300,000 penalty within six months.

A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”

When settlements are first reported rarely does the money change hands right away.

Based on the upward production trend over the last three quarters, it appears the private MIs are on their way to a strong close at year-end.

A proposed FHA administrative fee as high as 4 basis points to fund quality assurance enforcement and technology upgrades also went down in flames.

But there's one little wrinkle: the GSEs cannot pass the cost of funding the HTF onto lenders…

The FHA temporary waiver was issued in November of last year and now has been extended to Aug. 31, 2016.

Because of the irregular nature of legal settlements and contractor backlogs, the FHA did not properly recognize its receivables, the IG said.

The provision, expected to raise $30 million for FHA quality assurance efforts, would allow the Department of Housing and Urban Development to charge a fee of no more than 4 basis points.

Mortgage insurers are interested in moving forward with a year-old MBA proposal for a risk-sharing program that would allow deeper MI coverage on loans with high loan-to-value ratios.