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Inside FHA/VA Lending

October 2, 2020

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FHA Lending Giant UWM Plans to Go Public

It’s been a banner year for top-ranked government lender UWM: Loan originations are soaring and it recently unveiled plans to go public. Read More

Ginnie MBS Buyouts Slow in August as Payoffs Decline

The volume of Ginnie single-family MBS outstanding peaked in June and retreated slightly in July and August. The slippage has been in FHA loans. (Includes two data charts.) Read More

Fewer FHA/VA Loans in Forbearance in August

The number of loans in Ginnie MBS that had COVID forbearance fell 6% from July to August, although a growing share of the loans fell into the seriously delinquent category. (Includes two data charts.) Read More

Waters Urges HUD to Rescind Final Disparate-Impact Rule

The final version of the disparate-impact rule shifts the burden of proof to show housing discrimination from lenders onto borrowers. Read More

Genworth-Oceanwide Merger Deadline Moves Once Again

The merger between Genworth and China Oceanwide Holding Group has been extended for the 16th time. The new cutoff: Nov. 30. Read More

MBA, NAR Urge Congress Not to Raise Fees on IRRRLs

Recently proposed legislation would raise the IRRRL fee from 50 basis points to 85 bps. Lenders are not happy. Read More

VA Allows Deferment as Loss-Mitigation Option

Deferment can only be used as a loss-mitigation option if a vet is able to resume making monthly payments as scheduled under the contract. Read More

FHA Loans in Seriously Delinquent Category Increase

According to FHA Neighborhood Watch, serious delinquencies have increased from 10.4% to 11.2%. Read More

OIG: HUD Failed to Provide Accurate Relief Information

An internal audit found HUD staff failed to provide servicers and borrowers with accurate information about pandemic-related relief. Read More

DOJ Files Suit Against HECM Lender for Faulty Underwriting

Nutter Home Loans is accused of trying to bolster reverse mortgage originations by using unqualified underwriters. Read More

GAO Finds HUD Data Protection Protocols Lacking

According to GAO, HUD is not able to fully identify what sensitive information is shared, stored and processed with external entities. Read More

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