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Ginnie Issuance Down in May as Refis Slump
After a boomlet in April, Ginnie issuance declined a bit in May. Refi volume declined, while issuance involving purchase mortgages ticked up thanks to spring homebuying. (Includes two data tables.)

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Cassidy Exits FHA Commissioner Role
Frank Cassidy, who stepped away from his position as FHA commissioner in April on what was originally a temporary leave of absence, announced this week that he’s returning to the private sector.

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VA Updates Loss-Mitigation Policies to Add Partial Claim
The Department of Veterans Affairs updated its loss mitigation waterfall to incorporate the partial claim option that’s received much fanfare since its political inception.

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FHA Invites Critique of Property Requirements
FHA is seeking comments on its minimum property requirements, signaling the possibility of future alignment with the government-sponsored enterprises.

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Delinquent Loan Removals From Ginnie Increase
The volume of delinquent loans removed from Ginnie Mae mortgage-backed securities increased on a quarterly basis in the first quarter. Overall liquidations declined, with fewer payoffs. (Includes two data tables.)

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