FHA Principal Deputy Assistant Lopa Kolluri discussed the home equity conversion mortgage program and return-to-work at the National Reverse Mortgage Lenders Association’s annual convention.
FHA extends deadline for feedback on proposed 40-year loan mods; Ginnie creates new MBS pool type; FHA delays effective date for reporting delinquent mortgage data to the FHA Catalyst reporting module.
Fannie and Freddie pared back their portfolio holdings designated to support future business in the third quarter. Earnings were down from an eight-year high reached in the second quarter. (Includes data chart.)
No one’s shouting “fire” in a crowded non-QM movie house yet, but there are scattered concerns whole-loan pricing may have gotten ahead of itself. Something to keep an eye on?
Even with the clarification, some suggest VA lenders need more details to understand when they may refinance a loan included in a Ginnie-guaranteed MBS pool.