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Inside FHA/VA Lending

April 9, 2021

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Refinance Pushes VA Ahead in 1Q21 Government Market

Freedom Mortgage remained the top Ginnie MBS issuer in the first quarter, though third-ranked Quicken Loans posted a mighty 47% gain from the prior period. Some 57% of loans securitized by Ginnie had VA guarantees. (Includes four data charts.) Read More

Industry Weighs In on FHA Holding Back MIP Cut

Most industry watchers expect the FHA to lower insurance premiums some-time during Biden’s presidency. It’s just a matter of when. Read More

Former HUD Director Settles Conflict of Interest Claim

A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD. Read More

Genworth Throws in the Towel on Oceanwide Merger

With its acquisition by China’s Oceanwide falling apart, the private mortgage insurer will now play the IPO field. Read More

One Year On, Forbearance Decreases Across the Board

A year into the pandemic, the number of mortgage borrowers in COVID-19-related forbearance continues to decline. Read More

Flagstar-DOJ Amend Settlement Over False Certifications

Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012. Read More

Biden’s Infrastructure Plan to Boost Lackluster Housing Supply

The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes. Read More

Mr. Cooper Expects Limited Short Sales, Foreclosures

A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic. Read More

Around the Industry

HUD allocates nearly $700 million for affordable housing; seniors rack up housing wealth; the MBA seeks clarification on COVID-related flexibilities from VA. Read More

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