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Inside FHA/VA Lending

February 1, 2019

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Third-Party Production Growing in FHA/VA

The FHA/VA market continued to lean more heavily on third-party loan producers in 2018, according to a new Inside FHA/VA Lending analysis of Ginnie Mae mortgage-backed securities data. [Includes four data charts.] Read More

GSE Reform Outline Issued, Ginnie Mae the Big Winner

An outline for housing finance reform released late this week by Senate Banking Committee Chair Mike Crapo, R-ID, looks a lot like the last gasp reform proposal released in 2018 by Rep. Jeb Hensarling, R-TX, the now retired chair of the House Financial Services Committee. Among other things, the proposal puts Ginnie Mae firmly in control of the government guarantee business. Read More

Ginnie Mae Bars loanDepot from Multi-Issuer Pools

Ginnie Mae this week barred loanDepot from securitizing VA loans in Ginnie Mae I and multi-issuer pools as part of its efforts to curb loan churning and rapid prepayments. Read More

Ginnie Must Limit Oversight of Small Issuers, says CHLA

Ginnie Mae’s plan to reduce the number of small issuers of mortgage-backed securities could increase the agency’s risk and make it harder for those issuers to remain in the program, warned the Community Home Lenders Association. Read More

Holiday Season Blunts Effect of Government Shutdown

The recent government shutdown had a minimal impact on mortgage lending activity partly due to its timing. The 35-day shutdown, which began on Dec. 22, coincided with the holiday season, which is typically a slow time for the housing market. Read More

NAR Calls for Release of FHA Condominium Rules

The real estate industry is calling for the immediate release of the long-overdue final FHA condominium rules to enable more projects to qualify for FHA-insured financing. Read More

Conventional, VA Mortgages Top Servicemembers’ Gripes

Conventional and VA-backed home mortgages are the most common type of mortgage products that servicemembers complained about to the Consumer Financial Protection Bureau, according to the agency’s latest analysis. Read More

No Date Yet for Ginnie’s 2019 Summit; Word is ‘Soon’

Ginnie Mae has not yet decided a date for its 2019 annual summit but it may be “soon,” said an agency spokesman. Read More

Around the Industry

HUD receives share in settlement under False Claim Act; Implementation date for EAD system postponed; Issuance of HMBS declines year over year. Read More

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