The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing. “We think our AVM, our valuation technology, has improved significantly since that rule was put in place a couple decades ago,” Jones […]
FHA turns attention to the ‘flipping rule’ and AVMs Read More »
Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks (IMBs) that have invested heavily in governance and risk management. Still, he cautioned that
Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios Read More »
Ginnie Mae will temporarily exclude loans in Federal Housing Administration (FHA) Trial Payment Plans (TPPs) from issuer delinquency calculations, responding to higher reported rates, the corporation announced last week. In 2025, the FHA updated its single-family loss mitigation waterfall and reinstated required TPPs before certain workout options, such as partial claims, can be approved. Under
Ginnie Mae to pause counting FHA TPP loans as delinquent Read More »
U.S. mortgage delinquencies jumped sharply in November, reaching their highest level in more than four years, according to ICE Mortgage Technology’s latest First Look report, released on Tuesday. The national delinquency rate rose to 3.85% in November, up 50 basis points from October, as the number of past-due mortgages increased by 275,000 to about 2.3
November sees sharp rise in U.S. mortgage delinquencies Read More »
U.S. mortgage delinquencies held steady at 3% in September 2025, unchanged from a year earlier but up slightly from 2.9% at the end of the second quarter, according to Cotality‘s newest Loan Performance Indicators report released on Tuesday. “The national delinquency rate has remained relatively stable over the past year and quarter. It is still
The mortgage market remains largely resilient — with delinquencies and foreclosures still below long-term averages — even as performance among Federal Housing Administration (FHA) loans continues to weaken. That’s according to ICE Mortgage Technology’s First Look report on September mortgage performance data. The data, released Friday, show the national delinquency rate — loans 30 or
ICE’s First Look report shows mortgage performance is strong despite FHA strain Read More »
Some mortgage delinquency data raised concerns, but Cotality’s Q2 report also showed a positive sign: late loans aren’t progressing to more serious stages. The total delinquency rate rose on a quarter-to-quarter basis for the period ended June 30, trending higher after a drop-off for the period ended March 31, the Loan Performance Indictors report said.
Regional real estate pockets are showing stress in 2Q Read More »
President Donald Trump on Wednesday signed Rep. Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate. The VA Home Loan Program Reform Act will reform the U.S. Department of Veterans Affairs (VA) mortgage program by adding a partial claim option — a
Trump signs VA foreclosure prevention bill into law Read More »
A recent report from the Urban Institute analyzed potential reasons behind the increasing number of delinquencies on Federal Housing Administration (FHA) loans. While the increase is sizable, it’s not a cause for concern, the authors of the report suggest. Laurie Goodman, Jun Zhu, Ted Tozer and Jung Hyun Choi — the authors of the July
Urban Institute says rise in FHA mortgage delinquencies isn’t a cause for concern Read More »
Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality. The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase costs. These include property taxes and homeowners insurance, both of
Mortgage delinquencies are rising as homeownership costs pile up Read More »