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Inside FHA/VA Lending

May 7, 2021

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April Rebound in Purchase Lending Boosts FHA Share

While the VA program still accounted for over half of the loans sold into Ginnie MBS in April, the FHA saw a significantly bigger increase in monthly volume. Freedom Mortgage held onto the top spot among Ginnie issuers despite a slowdown in production. (Includes two data charts.) Read More

Former HUD Staffers Launch Consulting Firm

Gate House Strategies, which features former FHA Commissioner Brian Montgomery as one of its founding members, will focus on FHA/Ginnie Mae/HUD and Fannie Mae/Freddie Mac policy issues. The Collingwood Group V2? Read More

Private MIs: Loans in Default Are on the Mend

Private mortgage insurers are noticing that an increasing number of COVID-impacted borrowers are curing delinquencies. Also, fewer new defaults are emerging. Read More

House Passes Key Legislation Supporting Homeownership

The Housing Financial Literacy Act and the Improving FHA Support for Small Dollar Mortgages Act are both aimed at making homeownership more affordable for borrowers. Read More

HECM Lender Settles Claims for Misleading Borrowers

Nationwide Equities Corp. allegedly misinformed consumers about how much money they could receive from a reverse mortgage, the fees and costs of the loan and the consequences of nonpayment. Read More

COVID-Related Forbearance Picture Continues to Brighten

The share of residential mortgages in forbearance decreased for the ninth straight week to 4.47%. Overall, 2.23 million homeowners remain in forbearance, according to the Mortgage Bankers Association. Read More

Ginnie Mae Sees Promise in Blockchain Technology

Ginnie's dive into blockchain technology is an independent initiative and will not impact FHA/VA, the agency promised. Read More

Around the Industry

FHA amends HECM non-borrowing spouse policy; FHA issues partial waiver for appraisers. 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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