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Home » Topics » News » Inside FHA/VA Lending

Inside FHA/VA Lending
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Securitization Market Limped Through 3Q18 with Help From Agency MBS Issuance

October 4, 2018
John Bancroft
The major driver was a 16.8 percent jump in Fannie Mae issuance…
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One Reason FHA Premiums Won’t be Cut? Slow Servicers…

October 2, 2018
Paul Muolo
In 10 cases, the servicing process was delayed by more than two years...
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FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs

October 1, 2018
George Brooks
Appraisal bias remains a primary concern…
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What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S

September 28, 2018
Paul Muolo
If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...
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Phoenix Capital Offering MSR Portfolio with High Delinquencies

September 27, 2018
Paul Muolo
But there’s a catch: the portfolio has a delinquency rate of 11.5 percent and foreclosures of 1.5 percent.
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Third-Party Lenders Account for Out-Sized Share of FHA/VA Market

September 25, 2018
John Bancroft
However, some large commercial banks are willing to remain in the market through correspondent arrangements…
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MBS Trading Sets a New Low for the Year

September 25, 2018
Paul Muolo
The trading peak for the year came in February at $239.2 billion.
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Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage

September 25, 2018
Paul Muolo and Brandon Ivey
Will FHA hike its premiums? Maybe, maybe not...
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Industry Lauds Passage of Bill to Fix the VA ‘Orphan’ Loan Mess

September 21, 2018
George Brooks
The Zeldin bill passed by a vote of 48-0.
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Third-Party Originators Account for Out-sized Share of FHA/VA Market

September 21, 2018
Correspondent lenders and mortgage brokers continue to account for an unusually large share of FHA and VA lending, according to a new analysis by Inside FHA/VA Lending. During the first six months of 2018, correspondent-lending programs accounted for 53.3 percent of government-insured mortgage production, according to survey data reported by a broad cross-section of the market. At the same time, correspondent production accounted for 46.4 percent of conventional-conforming lending and a mere 16.1 percent of the non-agency jumbo market. The heavy reliance on agency securitization in both the conventional and government-insured sectors helps explain the higher levels of correspondent production. For many smaller shops, it is more economical to sell production to aggregators than pay the overhead costs of dealing directly with the agencies. In the government-insured sector, some banks are ... [Chart]
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