Ginnie Mae will allow electronic promissory notes to be transferred under its co-issuance program as part of its effort to push more lenders into the digital landscape.
An amendment floated ahead of a planned markup by the House Committee on Veterans' Affairs would raise the funding fee on most VA home loans. The markup was ultimately postponed.
The Consumer Federation of America studied the shortcomings of FHA’s 203(k) rehabilitation loan program to determine why usage has plummeted 77% in the last decade.
The Department of Veterans Affairs reminded lenders of a circular, which was delayed during the partial government shutdown, that sought to clarify how VA lenders should use energy efficiency ratings in the underwriting process.
Lenders grew the share of government-insured loans originated through correspondent channels in the third quarter, according to an Inside FHA/VA Lending analysis of proprietary survey data.
Early effects from FHA’s revisions to its loss-mitigation practices have begun to show up in data, although it will still take time for the longer-term impacts to play out.
Proposed legislation to advertise the benefits of VA-backed loans would add costs for lenders without providing substantial benefits to borrowers, said the Mortgage Bankers Association.
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