MGIC wrote $8.6 billion in new business in 3Q, up from $8.0 billion and $6.5 billion in the second and first quarters, respectively.

FHA and VA are urging mortgagees and lenders to extend all possible assistance to borrowers who have been furloughed, laid off or suffered a decline in income because of the government shutdown.

“Any future announcement will be made in conjunction with stakeholders to minimize volatility in the MBS market,” Ginnie Mae said, emphasizing that no decision has been made on the issue.

With most of FHA's staff on furlough, the private mortgage insurance sector sees an opportunity to gain business.

ABA will send FHFA its own letter on GSE loan limits. Meanwhile, CFPB finds two mortgage bankers over RESPA violations.

The top five FHA funders – Wells Fargo, Quicken Loans, Freedom Mortgage Corp., Bank of America and Flagstar Bank – saw their combined originations decline by 5 percent.

The Federal Reserve is pointing its finger at both loan officers and applicants for the misreporting of borrower income.

As the government shutdown continues and many federal workers go without pay checks, there’s a growing concern that these potential borrowers will see their credit scores get dinged.

The government accused the San Diego-based Plaza Home of charging black and Hispanic borrowers higher fees than white borrowers on mortgages sourced through the wholesale channel.

Except for Title I property improvement loans, HUD proposes to adopt the statutory points and fees structure for all FHA-insured single-family mortgages as implemented under the FPB's QM/Ability-to-Repay final rule.