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Inside FHA/VA Lending

July 3, 2019

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GNMA MBS Issuance Firing on All Cylinders in 2Q19

Robust homebuying activity brought a huge increase in purchase mortgages into the Ginnie Mae MBS program in the second quarter. Rate-term refinance activity was up sharply. Read More

Congress Eliminates Cap on VA Home Loans

Congress withdrew a provision in the Blue Water Navy Vietnam Veterans Act that would have raised the guarantee fee on VA home loans. Instead, it approved the removal of the cap on VA mortgages. Read More

Quicken's FHA Settlement a Major Victory and a 'Credit Positive'

Resolution of the Quicken-FHA lawsuit is credit positive for the lender as it removes uncertainty arising from prolonged litigation.

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Ginnie Reinstates loanDepot In Multi-Issuer MBS Program

The agency has lifted a suspension of loanDepot from its multi-issuer securities program, noting the nonbank’s prepayment speeds on VA loans have normalized and are strictly being monitored. Read More

New York to Impose Tighter Standards on Reverse Lenders

Originators and servicers of Home Equity Conversion Mortgages need to gear up for tighter standards approved by the state legislature. It has not yet been delivered to the governor. Read More

Lender Takes Ownership of IO Ginnie Securities

Customers Bancorp has obtained ownership of interest-only strips of Ginnie securities backed by HECMs that served as primary collateral for loans made to a nonbank that closed in May. Read More

Reverse Mortgage Funding Plans HECM/REO MBS

The firm is set to issue a $187.1 million MBS backed by inactive HECMs and real estate-owned properties. Read More

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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