Among other things, the bill would allow FHA to make changes to the reverse mortgage program by mortgagee letter rather than legislation.

Some Ginnie Mae investors, however, have voiced concern about the MBS conversion process, particularly its costs.

The issue of whether mortgage loan officers should be eligible for overtime pay has long been a bone of contention between companies and LOs.

Regulators in New York state are concerned that the increased MIP could raise the loans’ APR and convert them into subprime.

The FHA is considering whether to establish a maximum limit for “unacceptable” loans as well as a process to make post-endorsement reviews more efficient.

In recently issued guidance, the VA said reduction of principal in connection with a loan modification may produce a higher expected return for a servicer than termination of the loan.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.

New report sheds light on how much nonbank mortgage workers earn.

The review found that 37 percent of the mortgages were “deficient” and just 19 percent met FHA requirements.

Authorizing the FHA to shift mortgage-servicing rights from one processor to another could have a ripple effect on Ginnie Mae servicing rights.