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Late-Payment Rates Climb Higher for FHA/VA in 2Q19

Most of the increase in FHA/VA delinquencies came in early-stage defaults as the share of loans over 90 days late declined. The Ginnie servicing market grew 1.4% in the second quarter. Read More

Changes Sought to FHA Certification, Defect Taxonomy

Trade groups are asking HUD to eliminate the FHA certifications entirely or replace them with language indicating a lender acknowledges key FHA requirements based on loan eligibility. Read More

Ginnie Mae to Allow Financing of Servicing Advances

In a bid to boost liquidity for issuers, especially nonbank players, Ginnie Mae by yearend will allow financing of servicing advances. Read More

GAO Finds FHA’s Property Conveyance Process Flawed

Despite FHA’s efforts to improve processes, the GAO said it still takes unnecessarily long for servicers to transfer foreclosed properties. Read More

Changes Recommended to FHA Loan Sale Program

Trade groups are urging HUD to revise policies related to distressed asset sales as the FHA moves to make its Loan Sale Program permanent. Read More

VA Issues Funding-Fee Guidance to Lenders, Servicers

VA has directed lenders not to advise veterans to close a loan without first verifying their exemption from paying the VA funding fee. Read More

House Passes Key Pieces of FHA Legislation

The House approved bills that would reduce FHA upfront premium payments by 25 basis points and correct a drafting error that rendered certain VA loans ineligible for pooling in Ginnie Mae MBS.

Live Well Financial in Liquidation

A U.S. bankruptcy court in Delaware has appointed a trustee to take charge of the involuntary liquidation of Live Well Financial. Read More

Judge Orders Delay of HUD’s Downpayment Assistance Rule

A federal judge agreed to delay guidance that threatens to restrict Native American housing lenders from offering downpayment assistance. Read More

Inside FHA/VA Lending

July 19, 2019

View Archived Issues

Late-Payment Rates Climb Higher for FHA/VA in 2Q19

Changes Sought to FHA Certification, Defect Taxonomy

Ginnie Mae to Allow Financing of Servicing Advances

GAO Finds FHA’s Property Conveyance Process Flawed

Changes Recommended to FHA Loan Sale Program

VA Issues Funding-Fee Guidance to Lenders, Servicers

House Passes Key Pieces of FHA Legislation

Live Well Financial in Liquidation

Judge Orders Delay of HUD’s Downpayment Assistance Rule

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

Inside FHA/VA Lending

July 19, 2019

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