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Home » Topics » News » Inside FHA/VA Lending

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Short Takes: Money Source Sets its Sights on Being a $100B Servicer / RoundPoint Looks to Add Contracts / FHA Defaults Spike, Reason: Hurricanes / MIAC Selling Whole Loans / Ellington’s CFO Sets Retirement Date

December 19, 2017
Paul Muolo
Overall, The Money Source expects to hire more than 400 new team members in 2018...
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Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure

December 18, 2017
George Brooks
Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…
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GNMA’s Latest Effort to Rein in VA Lenders Augurs Additional Policy Changes in the Future, Analysts Say

December 15, 2017
New pooling restrictions announced last week by Ginnie Mae to curb churning and prepayment speed spikes are likely a precursor to future changes in pooling and refinancing policies at Ginnie and the Department of Veterans Affairs, according to analysts.
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Continued Growth for Agency MBS in 3Q17

December 15, 2017
John Bancroft
The fastest-growing segment is the Ginnie Mae market…
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Lenders Continue to Get Hit with Steep Penalties Despite HUD Chief’s Assurance the FCA Issue Would be Resolved

December 14, 2017
IberiaBank of Lafayette, LA, has agreed to pay $11.7 million to the federal government to resolve an alleged violation of the False Claims Act by submitting false certifications to obtain FHA in-surance on ineligible mortgages.
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Senate Vote on FHA Nominee Could Come Before Yearend

December 12, 2017
George Brooks
If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…
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VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed

December 11, 2017
George Brooks
USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.
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Phoenix Capital Auctioning Off Bulk MSR Package

December 11, 2017
Paul Muolo
The seller of the MSR package is looking for a final sale date of Jan. 31…
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Agency MBS Issuance Up Slightly in November. Another Big Month for Freddie

December 8, 2017
John Bancroft
It was Freddie Mac’s second-largest month of the year...
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Agency MBS Issuance Up Slightly in November As Freddie Mac Notches Another Big Month

December 8, 2017
Issuance of agency single-family MBS was up modestly in November, stemming a two-month slide in production, according to a new Inside MBS & ABS ranking and analysis.
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