A gusher of refinance loans over the second half of the year pushed Ginnie MBS production to a record $498 billion in 2019, up 28% from the previous year. (Includes four data charts.) Read More
The revised defect taxonomy will hardly nudge banks to return to or increase participation in FHA programs despite tighter standards for identifying and curing defective loans, according to industry stakeholders. Read More
In 2020, FHA is poised to take a significant chunk of high-risk business as Fannie and Freddie continue to draw back from the over-95% LTV market. VA is expected to continue its slow-growth trajectory. Read More
A bipartisan group of House lawmakers sent a letter urging HUD to engage with Native American tribes before formulating any rulemaking, such as on downpayment assistance, that would impact tribal organizations. Read More
Four industry groups expressed support for FHA changes addressing False Claims Act liability and urged HUD to adopt as quickly as possible FHA’s revised loan-level certification. Read More
Based on FHFA’s new 2020 loan limits, VA announced guidance for deter-mining the guarantee on loans to veterans with partial entitlement while Ginnie revised its definition of “high balance” loans. Read More
The U.S. Department of Agriculture’s Rural Housing Service finalizes a rule designed to streamline the loss-claim process under its single-family housing guaranteed loan program for lenders that have acquired real estate-owned property through voluntary liquidation or foreclosure. Read More