Deliveries of refinance loans into Ginnie MBS continued to climb in April, but a surge in purchase loans accounted for much of last month’s record production volume. (Includes two data charts.)
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.
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.)