Ginnie and FHA are working with Treasury and the Fed to allay fears about nonbank liquidity as COVID-19 lays fallow the U.S. economy.

There’s currently no bid for Ginnie Mae servicing rights and investment bankers are advising their clients to sit tight and ride it out.

HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies.

In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s.

The VA has released two notices outlining how lenders should address borrowers affected by COVID-19.

Freedom Mortgage, a key originator of FHA and VA loans, recently had its debt downgraded. Of course, it’s hardly alone on that score.

The window for applying for most of these jobs is a little more than a week.

As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.

Bank of New York Mellon this month lost its designation as a Ginnie Mae document custodian but issuers have time to find a new one.

Some FHA lenders posted out-sized production gains in 4Q, including Equity Prime Mortgage, Freedom Mortgage and Mr. Cooper. (Includes data chart.)