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Urban Institute Recommends Tweaks to VA Loss Mit

September 5, 2025
Emmeline Willey
Researchers at the think tank said changes need to be made to bring loss mitigation at the Department of Veterans Affairs in line with FHA servicing protocols.
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2025 Shaping Up to be Strong Year for VA Lending

September 5, 2025
Emmeline Willey
The Department of Veterans Affairs recently backed its 29 millionth mortgage, with VA lending up following a post-pandemic slump.
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Around the Industry

September 5, 2025
Emmeline Willey
FHA updates EDI layout; HUD changes Section 184 residency requirements; FHA and VA application shares rise.
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Bell Exits VA Loan Guaranty Service, Takes on New Role

August 22, 2025
Emmeline Willey
John Bell stepped down as executive director of the Department of Veterans Affairs LGY office. He was replaced by a longtime VA employee, Patrick Zondervan.
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Borrower Payoffs Drive Up Ginnie Removals in 2Q

August 22, 2025
Emmeline Willey
Loan removals from Ginnie Mae mortgage-backed securities increased by 29.3% during the second quarter of 2025, largely due to borrower payoffs, which are typically refinances. (Includes two data tables.)
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HUD Drops Language Services, Adopts English-Only Policy

August 22, 2025
Emmeline Willey
The policy change could make it difficult for speakers of other languages to access HUD services.
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FHA Waived Net Worth Requirements for Some Credit Unions

August 22, 2025
Emmeline Willey
Julia Gordon, in her final days as commissioner, granted low-income credit unions a waiver from meeting FHA’s net worth requirements for lenders. The action was only recently formally disclosed.
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FHA/VA Loan Applications Up From 2024 Levels

August 22, 2025
Emmeline Willey
Applications for government-backed loans mid-August were above the levels seen in 2024.
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Evidence of Discrimination in HECM Lending

August 22, 2025
Emmeline Willey
Researchers have found that minority applicants were less likely than white applicants to be approved for a reverse mortgage.
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Around the Industry

August 22, 2025
Emmeline Willey
Appraisal Subcommittee gets new leader; VA updates mileage fee criteria; HUD updates handbook.
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