The agency’s proposals for increasing the supply of capital to fund Ginnie mortgage servicing rights include advance financing for servicing and exploring non-traditional MSR ownership.

Notwithstanding improvement in the financial condition of the FHA Mutual Mortgage Insurance Fund, HUD has no plans to cut mortgage insurance premiums or drop the FHA life-of-loan policy.

Buyout may be an option though an unnecessary one in addressing VA’s IRRRL problem, according to industry participants. An analyst suggests a recoupment issue can be cured by a cash payment to the borrower.

A revised version of HUD’s defect taxonomy includes new definitions of severity tiers, causes and sources for each defect category.

An industry consultant suggests IRRRLs with recoupment issues can be cured by cash payments to the borrower or a reduction in principal.

Analysts say the current administration is more focused on trying to reduce the FHA footprint.

Compliance experts are warning warehouse lenders holding eNotes of the risks they face from certain ambiguities between the Uniform Commercial Code and the Uniform Electronic Transactions Act.

It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.

The standards development body has issued guidance on how to obtain tax-payer authorization to comply with the Taxpayers First Act.