USDA has announced it’s extending through May 31 the deadline for servicers to approve borrowers’ requests for an initial COVID-19-related mortgage payment forbearance.
Issuance of Ginnie Mae MBS declined for the eighth straight quarter during the first three months of 2023. The deterioration was relatively uniform between FHA and VA volume. (Includes four data charts.)
The HUD OIG will soon report on an audit examining Ginnie Mae’s process for managing troubled issuers, according to Inspector General Rae Oliver Davis.