Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.

As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.

The platform currently offers two modules, which allow servicers to submit mortgage supplemental claims and case binder documents.

Ginnie Mae-insured loans continue to account for the highest percentage of forbearance requests but the relief growth rate is starting to flatten.

FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.

HUD, the CFPB and the FHFA launched a joint website to provide COVID-19-related information to borrowers.

A growing share of VA and FHA loans had credit scores of 740 or higher in the first quarter, while the share of scores below 620 declined. (Includes four data charts.)

Pandemic-related forbearance requests continued to rise in the week ending April 19, according to the latest MBA tally.

VA-backed lending remains a silver lining in an otherwise gloomy mortgage market.

Delinquency rates for government-insured loans generally declined in the first quarter, but 30-day past-due rates were up for both FHA and VA, with a noticeable gain from February to March. (Includes four data charts.)