Although the share of Ginnie Mae loans in forbearance decreased to 1.28% in February from 1.37% the prior month, there are still concerns about FHA/VA loan performance.

The Department of Housing and Urban Development took actions against 65 FHA lenders last year for various program violations.

The Center for Responsible Lending and the American Enterprise Institute want FHA and VA to implement measures to discourage harmful cash-out refinancings.

The Mortgage Bankers Association recommended the Department of Housing and Urban Development publish its proposed Section 184 guidelines in a policy handbook similar to FHA’s rather than in a Code of Federal Regulation.

Last year was one of the largest for Hispanic homeownership growth in the past 10 years, according to a new NAHREP report.

The flow of new single-family mortgage-backed securities in Ginnie pools dribbled to just $22.66 billion last month. Through the first two months of the year, volume was down 53.9% from the same period in 2022.

FHA finalized a permanent stand-alone 40-year loan modification option for distressed borrowers.

Ginnie Mae is wasting no time in looking to find a replacement for Sam Valverde, who was recently promoted to principal executive vice president.

The proposed changes are tied to registration of branch offices where lenders are authorized to conduct FHA business and to applicable fees.

Coordination with FHA and the VA has been instrumental in helping Ginnie Mae implement its environmental, social and governance mortgage-backed securities initiative.