Following seasonal patterns, the number of FHA and VA loans in early stages of delinquency fell sharply from the fourth quarter of 2018 to early 2019. Nonbanks continued to expand their footprint, accounting for 62.2% of outstanding Ginnie single-family servicing.
President Trump this week directed the Treasury Department, the Department of Housing and Urban Development and other federal agencies to come up with a housing-finance reform plan that includes the government-sponsored enterprises, FHA and Ginnie Mae.
The volume of FHA and VA loans securitized in Ginnie Mae pools declined in 2018, according to an Inside FHA/VA Lending analysis of agency data. [Includes one data chart.]
The wholesale-funded broker is slowly penetrating more deeply in government lending, according to a new Inside FHA/VA Lending analysis. [Includes one data chart.]
The battle among the three main federal housing agencies to attract more borrowers is getting more aggressive, according to the American Enterprise Institute.