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Inside FHA/VA Lending

November 22, 2019

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Retail Gains Ground on TPO Channels in Third Quarter

Correspondent production is still the leading source of government-insured loans, according to an exclusive survey, but retail gained ground in the third quarter. Wholesale-broker volume was up, but its market share contracted. Read More

VA IRRRLs Cure: Buyout An Option But Unnecessary

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. Read More

FHA Says No Premium Cuts Despite Stronger MMIF

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. Read More

HUD Announces Amended Defect Taxonomy

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

USDA Issuance Surge in 3Q19, Servicing Slightly Up

USDA lenders ramped up production in the third quarter of 2019 with a strong boost from purchase originations. More than 50% of total USDA originations were from correspondents. USDA servicing volume was up slightly from a year ago. Read More

Ginnie’s Proposal for MSR Funding Stirs Excitement

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. Read More

VA Updates Guidance on Implementing Fee Hikes

VA loan-related provisions in the Blue Water Navy Vietnam Veterans Act of 2019 raise the maximum amount of entitlement available to veterans, the maximum guarantee of loans in excess of $144,000, a revised VA funding-fee table and a fee waiver for certain vets. Read More

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