The VA

Wells Fargo buys $14B of delinquent mortgages tied to pandemic


The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.


Supreme Court ruling eliminates autodialer use for FHA, VA collections


The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection.


Refinance mortgage applications reach highest level since 2013


Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.


Ginnie Mae punished his firm. Now, Trump may put him in charge.


A mortgage industry executive with ties to a firm penalized in a U.S. predatory lending crackdown is being considered by the Trump administration to run Ginnie Mae, according to people familiar with the matter.


Equifax breach still poses fraud risk at four government agencies: GAO


The watchdog and three Democratic lawmakers urged the agencies to stop using knowledge-based verification methods to grant access to their online portals.


How acting Ginnie Mae chief is trying to get to the bottom of VA refis


Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures. The government bond issuer is making new plans to address the impact.


Congress pits VA mortgage costs against veterans' health care


The mortgage industry is stepping up its fight against a bill that would raise the Department of Veterans Affairs' mortgage fees to cover medical costs for Vietnam vets.


More first-time home buyers in the military are using VA loans: CFPB


The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.


LoanDepot hit with Ginnie Mae sanctions over VA mortgage compliance


Ginnie Mae has restricted loanDepot's ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.


Ginnie Mae head's surprise resignation prolongs permanent leadership gap


Acting Ginnie Mae President Michael Bright will leave his post on January 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.