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Inside FHA/VA Lending

August 13, 2021

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Tide Turns in 2Q21 FHA/VA Market as Refi Wave Ebbs

New VA endorsements declined significantly due to a sharp drop in refinance activity, but FHA volume was up slightly in the second quarter. (Includes three data charts.) Read More

Ginnie Extends Deadline on Single-Family Issuer RFI

In comment letters already submitted, mortgage servicers and credit unions warned that proposed capital requirements could force some entities out of the Ginnie market and drive up the costs of loans. Read More

Biden’s Top FHA Pick Lays Out Priorities, Faces Critics

If confirmed, FHA nominee Julia Gordon’s first task will be to manage borrower exits from COVID-related forbearance programs that start this fall. However, her confirmation is unlikely to happen before September. Read More

Dems Call on FHA Nominee to Change Policy on Bulk REO Sales

Democrats on the Senate Banking Committee want the next FHA commissioner to revisit an Obama-era policy that keeps distressed properties out of the reach of individual home buyers. Read More

FHA Gives Servicers Partial Waivers for COVID Loan Mods

Two waivers address concerns that requiring re-reviews of which borrowers were eligible for foreclosure prevention options could take focus away from loss-mitigation efforts. Read More

House Votes to Approve Increased Budget for HUD

A House appropriations minibus bill passed last month includes funding to help boost IT and cybersecurity modernization priorities at HUD. Read More

Waters Seeks Stronger Foreclosure Protections

House Financial Services Committee Chair Maxine Waters is asking HUD, VA and USDA to address a month-long gap in protections that are meant to help keep borrowers from foreclosure during the pandemic. Read More

Proposed RHS Updates Draw Muted Industry Feedback

Industry backs a change that would eliminate requirements that lenders conduct background checks on builder-contractors working with borrowers in the RHS Single-Family Housing Guaranteed Loan Program. Read More

Democrats Continue Push for Housing as Infrastructure

The House will consider funding for new FHA programs as part of a “soft” infrastructure budget reconciliation bill backed by Democrats. Read More

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