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Inside FHA/VA Lending

January 15, 2021

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VA Cements its Status as Kingpin in GNMA Market

The VA home loan guaranty program accounted for 54% of single-family loans securitized in Ginnie MBS last year, thanks to a roaring refinance program. (Includes four data charts.) Read More

Another Large FHA/VA Lender Reveals IPO

Michigan-based lender Home Point is joining the stampede into public ownership. Read More

Ginnie Mae Posts $1.1B Profit for FY20

After incurring a $546.3 million loss in fiscal 2019, Ginnie Mae earned $1.1 billion on revenues of $4.3 billion in fiscal 2020. Read More

Ginnie Loans in Relief Down, But Not Out of the Woods Yet

A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector. Read More

Ginnie’s PTAP Program to Sunset (No One Knows When)

Pass-Through Assistance Program advances outstanding were a mere $320,456 as of Jan. 4. Read More

HUD OIG Finds Flaws in FHA Endorsements

In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage. Read More

Oceanwide’s Acquisition of Genworth on Shaky Ground

Genworth said it is pursuing a contingency plan, including a potential partial IPO of its U.S. mortgage insurance businesses. Read More

Three Accused of Submitting False Claims to FHA

According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance. Read More

Industry Pushes for Renter, Landlord Relief Disbursement

Trade groups called for quick disbursement of money allocated for renters and housing from the recently passed COVID-19 relief package. Read More

Around the Industry

Ginnie extends deadline for HECM MBS securitization; FHA updates TOTAL Scorecard; FHA Connection updated. Read More

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