Average FHA and VA credit scores declined for both purchase and refi loans pooled into Ginnie Mae MBS in the first quarter. Wholesale-broker production gained a larger share of the market. Read More
The financial conditions of Ginnie Mae’s largest nonbank issuers appear to be healthy and the firms ready for any potential economic downturn, the secondary mortgage market agency said. Read More
During a congressional hearing this week, HUD Secretary Ben Carson faced tough questions about the department’s regulatory oversight and servicing processes. Read More
Ginnie Mae's staffing shortage is forcing the agency to rely heavily on contractors to perform core business functions. A former head of the agency suggests taking the agency off appropriations and converting it to a fee-based secondary market operation. Read More
FHA’s updated guidance on downpayment assistance may resolve its ongoing dispute with the HUD inspector general, but it could give rise to new problems, suggests a recent analysis from Situs. Read More
The U.S. Appeals Court for the Ninth Circuit holds Nevada’s HOA super-priority lien constitutional, says it is not preempted by the FHA single-family mortgage insurance program. Read More