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Inside FHA/VA Lending

March 20, 2020

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Ginnie Issuers in Spotlight as Coronavirus Concerns Spike

As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much. Read More

HUD Halts all Foreclosures and Evictions in Response to COVID-19

The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days. Read More

Retail Channel Gains Some Ground in FHA/VA Market

The rapid rise in refinance lending in the second half of 2019 boosted consumer-direct activity for FHA/VA lenders, though the correspondent channel remained the largest source of new business. (Includes data chart.) Read More

Ginnie Informs Issuers: BNYM No Longer a Document Custodian

Bank of New York Mellon this month lost its designation as a Ginnie Mae document custodian but issuers have time to find a new one. Read More

Equity Prime Mortgage Top FHA Direct Volume Gainer in 4Q19

Some FHA lenders posted out-sized production gains in 4Q, including Equity Prime Mortgage, Freedom Mortgage and Mr. Cooper. (Includes data chart.) Read More

OIG to Review HUD’s Hiring Processes

HUD’s Office of the Inspector General will evaluate how the department hires new employees and in what timeframe. Read More

Genworth, China Oceanwide Deal Closer to Completion

Genworth will contribute $100 million to its private mortgage insurance unit in order to facilitate its acquisition by China Oceanwide. Read More

VA Securitization Volume Increases Sharply in 2019

VA deliveries into Ginnie MBS increased a stunning 44.5% in 2019. The share of refis in total VA securitization saw a sharp increase too. (Includes data chart.) Read More

HECMs Facing Operational Issues Due to Coronavirus

The coronavirus pandemic could impact operational aspects of the reverse-mortgage business, particularly, appraisal and notary activities. Read More

Around the Industry

House pushes through four bipartisan financial services bills; Steven J. Sless Group names Brandy Nickoles as processing manager. Read More

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