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Mortgage Securitization Rate Increasing, On Track to Hit Highest Level Since 2013

December 26, 2017
John Bancroft
An estimated 69.5 percent of third-quarter mortgage originations were funneled into securities, according to affiliated publication Inside MBS & ABS.
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GSEs’ Marching Orders for 2018 Include Examining Servicing and Appraisals

December 26, 2017
Carisa Chappell
The GSEs are expected to assess the current mortgage servicing business model and develop plans to support liquidity in the mortgage servicing market.
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FHA to Update FHA Connection for New HMDA Data, Eventually

December 26, 2017
George Brooks
Certain temporary modifications have been made to allow lenders to submit demographic information if the currently available fields in the system match the data submitted. Otherwise, just leave the fields blank, according to the FHA.
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GAO Asks Congress to Specify Conditions MMIF Can Survive

December 22, 2017
The Government Accountability Office, in a new report, urged Congress to specify the economic conditions it believes the FHA mortgage insurance fund can withstand without supplemental funds.
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No Agreement on Stopgap Funding As Government Shutdown Looms

December 22, 2017
Congressional leaders are working behind closed doors on a stopgap-spending bill that would prevent a government shutdown and keep federal agencies operating past Dec. 22.
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Court Raises Lenders’ Chances of Surviving a False Claims Act Suit

December 22, 2017
Mortgage lenders and servicers chalked up a win following a federal appeals court decision that would make it harder for the government and whistleblowers to pursue a claim under the False Claims Act.
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Correspondent Channel Gains Share in Government Market

December 22, 2017
Correspondents, which account for a large percentage of government-insured lending, saw their share grow in 2017 even as retail went through a production slump, according to an analysis by Inside FHA/ VA Lending.
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HECM Originations Down in 3Q17, 9-Month Total Up Year-Over-Year

December 22, 2017
New Home Mortgage Equity Conversion production fell in the third quarter even as changes to the program, including a 200 basis point increase in the upfront HECM insurance premium, took hold in September, according to Inside FHA/VA Lending’s analysis of FHA reverse-mortgage activity.
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Ginnie Mae’s Latest Anti-Churning Measures Presage More Changes

December 22, 2017
Ginnie Mae’s latest efforts to rein in serial VA refinancing and rapid prepayments in mortgage-backed securities pools augur additional changes to pooling and refi requirements at Ginnie and the Department of Veterans Affairs, analysts said.
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VA Places Qualified Mortgage Rule, Allowable Fees on Its 2018 Agenda

December 22, 2017
The Department of Housing and Urban Affairs plans to act on two new rules in 2018 relating to allowable fees and charges on VA loans as well as the type of loans that are “qualified mortgages.”
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