FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.

The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.

MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.

BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office.

Roughly 10% of loans backing Ginnie Mae MBS at the end of May were in forbearance because of the COVID-19 pandemic, but over a quarter of them were still current. (Includes data chart.)

Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.

FHA policies on reporting of loan mods and for filing partial claims under HAMP were void of deadlines, the HUD-IG told Congress.

Meanwhile, delinquency rates are noticeably rising, according to Black Knight.

Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.