Some $30.43 billion in Ginnie Mae mortgage-backed securities was issued last month. FHA volume held up better than VA activity. (Includes two data tables.)
The Mortgage Bankers Association and the National Mortgage Servicing Association want FHA to make additional revisions to rules for its planned partial payment supplement partial claim loss-mitigation program.
Industry participants support FHA’s plans to update policy on acceptable monetary investment funding sources and interested-party contributions for its home equity conversion mortgage for purchase program.
VA issued an advance notice of proposed rulemaking to consider updates to its minimum property requirements as mandated by the Improving Access to the VA Home Loan Benefit Act.
VA issues circular on foreclosure moratorium; Ginnie is looking for new senior vice president for the Office of Enterprise Data and Technology Solutions.
While the retail channel remained the predominant source for jumbo lending, originations through the channel fell 9.0% from the second to the third quarter. Correspondents and brokers gained share. (Includes data table.)