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Inside FHA/VA Lending

December 3, 2021

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Ginnie Issuance Weakens in November, Mods Boost FHA

Freedom Mortgage, Lakeview Loan Servicing and several other top Ginnie issuers managed to boost production in November, but the overall market was down 3% from October. (Includes two data charts.) Read More

FHA Catalyst Default Monitoring System Delayed

FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1. Read More

Opportunity Costs Mulled as FHA, Ginnie Await Top Leaders

Almost one year into the Biden administration, both FHA and Ginnie Mae are waiting for the Senate to approve leaders. Read More

House’s Build Back Better Bill Keeps Home Loan Programs

The latest version of the Biden administration’s Build Back Better agenda retained several key programs intended to support homeownership. Read More

Industry Seeks to Ease Liquidity for Reperforming Loans

The mortgage industry wants Ginnie Mae to withdraw the pandemic-related pooling restrictions imposed on reperforming loans. Read More

Court Vacates Foreclosure Judgment Over Face-to-Face Dispute

An Illinois appeals court vacated a summary judgment in favor of Fifth Third Mortgage Co. that led to the foreclosure sale of a couple’s home and remanded the case to a circuit court. Read More

OIG Wants HUD Action Plan on IT Modernization

The Department of Housing and Urban Development needs a “corrective action plan” to improve and continue to modernize its information systems, the HUD Office of Inspector General said last month. Read More

Around the Industry

FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module. Read More

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