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FHA, VA Lending Declines in Fourth Quarter

March 5, 2024
Monica Hogan
Combined, FHA and VA lending declined by 17.7% in the fourth quarter.
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Short Takes: New Cybersecurity Reporting Requirement / Biden Pressed on Affordable Housing / Non-QM Delinquencies Not Leading to Many Losses / New CRT From Fannie

March 5, 2024
Brandon Ivey
Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.
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VA Mortgage Assumptions Jump in 2023

March 4, 2024
Monica Hogan
VA processed 2,244 loan assumptions in 2023, compared with 308 in the previous year.
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House Republican Slams VA’s Loss-Mit Plan

February 16, 2024
Monica Hogan
“You’re not doing this program without my permission,” said Rep. Derrick Van Orden, R-WI.
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Short Takes: Government Servicing Effort at MISMO / Housing Activity Slows / How Do Escrows Work? / Ratings for RTL Securitization / Publishing Break

February 16, 2024
Brandon Ivey
FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.
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Ginnie MBS Issuance Flat in January

February 8, 2024
Brandon Ivey
Refis accounted for 15.0% of Ginnie issuance in January compared with a 14.7% share the previous month.
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FHA, VA Considering Bi-Merge Credit Score Process

February 6, 2024
Monica Hogan
Leaders at FHA and VA haven't ruled out following the Federal Housing Finance Agency in a shift from a tri-merge score process to a bi-merge process.
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Senate Democrats Offer VA Loss-Mitigation Bill

February 2, 2024
Monica Hogan
“While pausing foreclosures for these men and women was a step in the right direction, our veterans and servicemembers need to be able to bring their mortgage current while VA works on its long-term solution,” said Sen. Jon Tester, D-MT, chair of the Senate Veterans Affairs Committee.
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FHA/VA Lenders Prep for More Volume

January 18, 2024
Monica Hogan
Home sellers are now more willing to consider bids tied to FHA and VA mortgages.
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Short Takes: Rate Locks Decline / List of Assumable Mortgages / Mortgage Matchup / Few Home Sales in CA

January 18, 2024
Brandon Ivey
Rate locks declined by 14% on a monthly basis in December, driven by fewer locks for purchase mortgages.
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