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Inside FHA/VA Lending

July 24, 2020

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FHA/VA Delinquencies Soar in 2Q20, Is the Worst Over?

There was a huge spike in early-payment delinquencies in April that migrated to more serious categories of default in May and June. Last month saw a huge increase in servicer buyout of delinquent loans. (Includes four data charts.) Read More

Large FHA Lender Loses Legal Battle in M&A Case

FHA/VA lending giant Freedom Mortgage lost a court battle over an aborted M&A deal with RoundPoint Mortgage. Is a settlement in the works? Read More

Former Ginnie Chief Tozer Continues to Worry About Liquidity

Ted Tozer, the former Ginnie president, wants to head off a potential liquidity crisis before it happens. Is anyone listening? Read More

FHA Employs 'Waterfall' Model for Loss Mitigation

One option places past-due mortgage amounts in separate junior liens of up to 30% of the outstanding. The lien is repayable when the mortgage ends, which is usually when a borrower refinances or sells their home. Read More

Industry Urges HUD to Shelve New Disparate Impact Rule

If HUD implements its proposed final disparate impact rule, exceeding its authority, it could be a challenged under the Administrative Procedure Act, according to an industry attorney. Read More

IG Finds Deficiencies in HUD’s Records Management

The internal watchdog has raised concerns about HUD’s inability to identify and track personally identifiable information on one billion records. Read More

COVID Forbearance Rate Declines Yet Again

FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12. Read More

Ginnie Mae Kick Starts Digital Mortgage Program

The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program. Read More

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