The denial rate for VA home loan refinances fell sharply between 2023 and 2024, at the same time VA refi applications doubled, according to a new analysis by Inside FHA/VA Lending. (Includes data table.)
A bill that would give the Department of Veterans Affairs authority to establish a partial claims program awaits review by the Senate Committee on Veterans’ Affairs, after moving quickly through the House.
United Wholesale Mortgage is offering 5/1 adjustable-rate mortgage options for FHA and VA loans. Such loans are not common in the government-insured market.
HUD OIG reports large collections following audit; HUD Counseling Committee to hold virtual meeting on June 12; Ginnie’s Gormley emphasizes close working relationship with FHA officials; MBA survey sees flat FHA application share.
The House Veterans’ Affairs Committee forwarded a partial claims bill to Congress, but committee members warned that tens of thousands of veteran borrowers are facing foreclosure in the meantime.
Veterans United Home Loans saw a sharp decline in correspondent sales of government-backed loans in 2024, while volume at Guild Mortgage and Rate surged. (Includes data table.)
In response to questions from Senate Democrats, nominees for HUD positions expressed views in line with the Trump administration’s restrictions on FHA loans for non-permanent residents.
FHA has archived nearly 600 mortgagee letters that it determined had expired or been fully superseded by the current FHA handbook or other policies, to help improve the accuracy of web searches.