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Inside FHA/VA Lending

September 18, 2020

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Correspondent Plummets in Soft 2Q20 FHA/VA Market

Some of the top aggregators of government-insured correspondent loans pulled back from the market in the second quarter. Retail production grew to 56.5% of FHA/VA lending. (Includes data chart.) Read More

HECM Lending Remains Strong During COVID

The outlook for HECM lending remains positive as rates remain low and seniors move to tap home equity during these troubled economic times. (Includes data chart.) Read More

FHA Eases Requirements for Refinancing Post Forbearance

Under the new policy, borrowers must have made at least three consecutive monthly payments post forbearance in order to refinance, down from the standard six-month requirement. Read More

CFPB Fines Eighth VA Lender for Deceptive Ads

ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July. Read More

HUD Issues Final Rule on Use of Disparate Impact

Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws. Read More

Proposed QM Rule Could Increase FHA Market Share

Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points. Read More

Ginnie Mae Mortgages in Forbearance Decline, But …

The decrease stems solely from servicers buying delinquent loans out of Ginnie Mae MBS pools. Read More

Millennials Prompting Gains in VA Purchase Market

Veteran millennials accounted for 46.0% of VA purchase loans and 23.6% of refi loans so far this fiscal year. Read More

HUD IG Finds Underwriting Issues at 1st Tribal Lending

1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders. Read More

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