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Inside FHA/VA Lending

February 12, 2021

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Refi Train Carries FHA/VA Lending to Record in 2020

VA refinance activity was the key driver in the government-insured market last year, as production rose 168% from 2019. Freedom rode the refi train to become the top FHA/VA lender in the market. Read More

Senate Committee Approves Biden’s HUD Nominee

In a 17-7 bipartisan vote, the Senate Banking Committee approved Marcia Fudge’s nomination as HUD secretary. The Biden nominee drew criticism from Republican lawmakers over her lack of housing industry experience. Read More

Private MIs Warn Against Cutting FHA Premiums

Susquehanna International Group dismissed the private MI industry’s concerns over a potential FHA cut as “unwarranted” and not aligned “with the underlying math.” Read More

Forbearance Down Across the Board on January Expirations

Both MBA and Black Knight reported declines in forbearance across all investor types. However, MBA economist Mike Fratantoni warned that the job market is still not at pre-pandemic levels. Read More

New York Senate Amends Law Impacting HECMs

Still, industry attorneys argue the legislation is cumbersome and creates additional hurdles for mortgagees foreclosing on delinquent HECMs in New York state. Read More

Industry Urges Congress for Additional Housing Assistance

More than 300 industry groups in a letter to the top four congressional leaders asked for $25 billion in direct assistance to homeowners with COVID hardships. Read More

Real Estate Developer, Three Others Indicted in FHA Fraud

The U.S. District Court of Chicago indicted four individuals for participating in a fraud scheme to obtain mortgage loans totaling at least $3 million. Read More

FHA Issues Temporary Pandemic Waivers

FHA issues three temporary waivers to help mitigate the impact of the pandemic on borrowers. Read More

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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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