Refinances are a rarity among manufactured housing loans, according to the study.

FHA is dedicating resources to servicing oversight and enforcement in the COVID and post-COVID era. In sum, servicers should expect lending monitoring exams to be scheduled in the coming months.

Back in 2015, the mix was reversed: FHA accounted for 60% of the FHA/VA market.

HUD Secretary Marcia Fudge was nominated in December and took her oath in early March, but there has yet to be a peep out of Pennsylvania Avenue regarding the FHA commissioner job and who will lead Ginnie Mae.

Although total conventional-conforming production was up, the top four lenders in the market all reported slowing volume.