VA Activity
Browse articles from all of our Newsletters related to VA Activity.
May 16, 2012 - Mortgage Beat
Overall Delinquency Rates Drop, MBA Survey Finds
The overall delinquency rate for mortgage loans declined on both seasonally adjusted and unadjusted bases during the first quarter of 2012, according to the Mortgage Bankers Association. Announcing the results of its quarterly analysis of mortgage delinquencies and...
May 9, 2012 - Mortgage Beat
Donovan Urges Congress to Tear Down Barriers to Refinancing
Department of Housing and Urban Development Secretary Shaun Donovan this week urged Congress to pass legislation to make it easier for responsible owners who are current on their payments to refinance. Testifying before the Senate Committee on Banking, Housing and Urban...
April 27, 2012 - Inside FHA Lending
Ally Pares Wholesale Purchases of FHA, VA Loans
Ally Financial has announced a plan to reduce its purchases of government-backed loans from brokers and correspondents and shift its government financing activity to retail and direct channels. The lender informed its partners of its plan to reduce its FHA and VA operations in the correspondent and wholesale broker channels effective April 16. However, Ally will continue its correspondent relationships with key customers. In 2011, like most lenders, Ally focused on the agency market, with conventional conforming mortgage loans comprising ...
April 27, 2012 - Inside FHA Lending
HUD Eager to See Mortgage Servicing, QM Rules
The Department of Housing and Urban Development said it would review and update as necessary its requirements for servicers of FHA-insured loans in conjunction with the establishment of new standards by the Consumer Financial Protection Bureau. HUD wants to ensure coordination between the FHA and CFPB standards and that each set of standards provides effective solutions for borrowers, said an FHA spokesman. On April 9, the CFPB previewed some of the mortgage servicing rules, which the agency plans to propose this summer and adopt in January 2013. It is unclear whether ...
April 19, 2012 - Inside Mortgage Finance
VA Loan Guaranty Program Posts Second Consecutive Record Quarter in Early 2012
Mortgage lenders closed a record $28.31 billion in mortgages with Veterans Administration home loan guaranties during the first quarter of 2012, breaking the previous all-time high set in the fourth quarter of last year. VA lending has been going gangbusters over the past few years as FHA’s market share has gradually declined. In 2011, the VA program provided more new primary mortgage insurance coverage than the private MI industry for the first time ever since the birth of the private MI business. In 2011, the VA accounted for 22.0 percent of the primary MI market, and 26.0 percent in the...(Includes one data chart)
April 13, 2012 - Inside FHA Lending
Better Informed LOs Helped Boost VA 1Q Volume
Increased efforts by mortgage companies to educate loan officers about VA loans have helped push VA originations to new heights. Production of loans guaranteed by the Department of Veterans Affairs continued its upward trend in the first quarter of 2012, up 10.3 percent from the previous quarter, according to Inside FHA Lending’s analysis of VA data. On a quarterly basis, volume rose to $28.3 billion in the first quarter from $25.6 billion in the fourth quarter and from $20.7 billion (36.7 percent) in the third quarter. The top 25 lenders combined for ... [with 1 chart]
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