Issuers last month produced a record $57.6 billion of Ginnie MBS backed by forward mortgages. While the flow of purchase loans rose modestly, the key growth engine was the refinance market. (Includes two data charts.)

VA lending rose to a record $65.06 billion in the third quarter of 2019 as purchase and refinancing activity surged due to a decline in interest rates. (Includes two data charts.)

A recent memo from HUD and DOJ appears to have eased the use of False Claims Act in FHA enforcement. However, compliance attorneys warned lenders not to let their guard down.