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Inside FHA/VA Lending

April 17, 2020

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Nonbanks Carry Ginnie Mae MBS Past Milestone in 1Q20

Delinquency rates for government-insured loans generally declined in the first quarter, but 30-day past-due rates were up for both FHA and VA, with a noticeable gain from February to March. (Includes four data charts.) Read More

As Warehouse Lending Tightens, FHA Market Looks Dicey

FHA loans are known as low FICO score products, and that's a problem in this new coronavirus world we live in. Warehouse lenders are lowering the boom. Read More

Ginnie Moves to Sure-up MBS Servicers, Applause Follows

Ginnie MBS servicers received a shot in the arm earlier this month thanks to new language in a PTAP facility. Read More

Arch Warns of 1Q20; Outlook on Private MIs Bumped

Arch Capital announced loss estimates related to COVID-19. Meanwhile, S&P revised downward its outlook on five of the nation’s six private mortgage insurers. Read More

Ginnie Supplies Liquidity by Tweaking Acknowledgement Agreement

Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow? Read More

HUD Allows HECM Lenders Leeway in Filing Documents

HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery. Read More

Top-Ranked FHA Lenders Increase Hiring

A handful of top-ranked FHA lenders have ramped up their hiring in anticipation of processing a boatload of forbearance requests. Read More

Relief for Borrowers With FHA Multifamily Mortgages

Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act. Read More

Around the Industry

Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource. Read More

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