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Home » Newsletters » Inside FHA/VA Lending

Inside FHA/VA Lending

September 4, 2020

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  • Inside FHA/VA Lending, Full Issue, September 4, 2020 (PDF)

Once More to the Record Books for Ginnie in August

In a groundbreaking performance, the agency's five biggest months for MBS issuance have occurred over the past five months of 2020. Freedom continued to ride a swift current of refi activity. (Includes two data charts.)

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Accelerate, Others Snagged in CFPB's VA Dragnet

Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.

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(Very) Quiet Signs of Life in Ginnie Servicing Sales

Selling Ginnie Mae servicing rights has been a difficult task the past few months. Signs of life anywhere? It all depends on your definition of the word life.

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Ginnie Mae Loans In Forbearance Inch Back Up

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.

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CBC Letter Voices Concerns About DPA Program

According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.

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No. 2 FHA Lender Sees Even Better Times in 3Q20

Quicken Loans, a top-ranked FHA and VA lender, had stellar results in 2Q.

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USDA's Guaranteed Home Loan Volume Up Sharply in 2020

Between October 2019 and July of this year, USDA issued 107,283 guarantees totaling $17.8 billion. Another month remains in the agency's fiscal year.

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Genworth and Oceanwide Merger Back on Track

The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.

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FHA, VA Extend Eviction and Foreclosure Moratorium

The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.

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FHA Catalyst Platform to Include Loan Review System

Beginning Sept. 14, the FHA Catalyst platform will allow lenders to submit binders for post-endorsement review.

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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?

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