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Government Lending

Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios

Delinquencies, FHA, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Servicing, Servicing /

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 […]

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Survey says homebuyers overestimate credit scores, down payments

Credit Score, FHA loan, Government Lending, Homebuyers, HWmember, Mortgage, Mortgage Rates, VA Loan, Veterans United Home Loans /

Many prospective homebuyers are sitting on the sidelines unnecessarily because they overestimate the credit scores, down payments and rate conditions needed to qualify for a mortgage, according to survey data released Monday by Veterans United Home Loans. The online survey, conducted in March 2026 by research firm Sparketing on behalf of Veterans United, polled 400

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Ginnie Mae to pause counting FHA TPP loans as delinquent

Delinquencies, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage /

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

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President Donald Trump: I have an idea to help first-time homebuyers

Contributors, Donald Trump, First-Time Homebuyers, Government Lending, Homebuyers, Housing Market, HWmember, Mortgage, Opinion, Origination /

Over the past several months, former President Donald Trump has floated a number of ideas aimed at helping Americans buy homes again. Among them are proposals such as 50-year mortgages and other creative financing tools intended to lower monthly payments for buyers struggling with today’s interest rates. The intention behind these ideas are novel and

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House scales back proposed VA mortgage fee hike

Government Lending, Legislation, Mortgage, U.S. Department of Veterans Affairs, U.S. House of Representatives, VA Loan, Veterans /

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act

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Trade groups push for lower FHA premiums, LLPA cuts

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and

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Fannie Mae, Freddie Mac limit public housing data releases

Fannie Mae, Freddie Mac, Government Lending, GSEs, Home Purchase Sentiment Index, HWmember, Inman, Mortgage /

Fannie Mae and Freddie Mac have curtailed the public release of their economic and housing data, prompting questions about the potential impact to the mortgage market that relies on the data, according to reporting by Inman. Fannie Mae did not release its National Housing Survey in November, marking the first missed publication in more than 15 years. Its

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Center for American Progress outlines plan to reduce housing costs

Center for American Progress outlines plan to reduce housing costs

Affordability, Construction, Government Lending, Homebuilders, Housing Inventory, Housing Market, Housing Policy, HWmember /

The Center for American Progress (CAP) recently put out a plan aimed at lowering housing costs nationwide by increasing construction and making homebuilding more affordable through federal efforts. The “Build, Baby, Build” proposal, published by CAP on Nov. 17, targets the nation’s estimated housing shortage of 2 million units, which the group says has contributed

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NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

FHA, Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, NRMLA, Politics, Reverse Mortgage Daily, Senate /

The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal

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Fannie Mae names new head of single family and acting general counsel

Bill Pulte, Fannie Mae, Government Lending, GSEs, HWmember, Mortgage, People Movers, Trump administration /

Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company

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