The Housing Policy Council proposed bifurcation of servicing advances from MSRs to create a new source of collateral for servicers.

Representatives from Rocket, Pennymac and the Mortgage Bankers Association called for further streamlining between federal mortgage programs and the government-sponsored enterprises.

Retail and correspondent originations of government loans were up 16.7% and 13.7% from the first quarter to the second quarter, according to survey data analyzed by Inside FHA/VA Lending.

Some FHA borrowers could see improved credit scores from FHA’s adoption of VantageScore 4.0, but the effect should be relatively small, according to researchers at Goldman Sachs’ credit strategy desk.

Issuance to Ginnie Mae custom extended-term pools spiked twice in the last year, after FHA and VA changed their loss-mitigation policies. Delinquency rates on the pools are also exceptionally high.

FHA might hand the industry an item on its wish list, according to a proposal that floated adopting the property condition and quality rating scales used by the government-sponsored enterprises.

The GSEs’ share of servicing topped out at 50.4% in March 2022 and has declined each quarter since then. (Includes two data tables.)

Lenders expect confusion if the GSEs haven’t implemented FICO 10T before FHA allows for use of the score in January.

FHA plans to begin accepting loans underwritten using the new scoring model on a wide scale, rather than via a limited rollout.

Fannie Mae will update its automated underwriting system so it can accept lender-provided interest rates for FHA ARMs.