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Inside FHA/VA Lending
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A ‘Scratch and Dent’ Market Develops for VA ‘Orphan’ Loans

June 27, 2018
Paul Muolo
Some warehouse lenders are nervous about the VA ‘orphan loan’ mess as well, sources told Inside Mortgage Finance…
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Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down

June 27, 2018
Paul Muolo, George Brooks, and Carisa Chappell
FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."
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New York Fed: CFPB Oversight Doesn’t Reduce Mortgage Lending

June 25, 2018
Yemeng Yang
Fed researchers examined data before and after July 2011, when the CFPB began operation…
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FHA Officials Raise Concerns about Rising DTI Ratios, Risk Layering

June 25, 2018
John Bancroft
At the same time, there has been an increase in the share of loans with downpayment assistance…
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FHA Officials Raise Concerns About Rising DTI Ratios, Risk Layering

June 22, 2018
FHA officials have begun raising alarms about the rising proportion of higher-risk mortgages being endorsed by the agency. A new Inside Mortgage Trends analysis of Ginnie Mae mortgage-backed securities data suggests they have good cause for their concerns
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GNMA’s Strategic Modernization Plan to Focus on Addressing Counterparty Risk, Issuer Liquidity

June 22, 2018
Ginnie Mae will be ramping up its efforts over the next three years to ensure issuer liquidity by expanding the supply of stable capital to support mortgage servicing rights and to strengthen oversight of counterparty risk.
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As Ginnie’s Book of Business Grows Even Larger, Agency Moves to Ensure Issuer Liquidity

June 22, 2018
George Brooks
The possibility of issuer failure is a continuing concern at Ginnie Mae…
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Securitization Rate Holds Steady in Early 2018, but GSEs Lost Market Share

June 22, 2018
John Bancroft
Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…
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Ginnie to Address MSR Liquidity, Credit Risk

June 22, 2018
Ginnie Mae is considering three possible initiatives that would meet issuers’ needs that are not fully accommodated under its mortgage-backed securities program.
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Ginnie Mae Unveils Plan for Digitized Mortgages as Part of Three-Year Strategy to Modernize MBS Program, Platform

June 21, 2018
Ginnie Mae is working on a process that would allow it to accept digital promissory notes and other digitized loan files, in addition to traditional paper mortgages, as eligible collateral for its securities, according to a white paper the agency issued this week.
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