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Inside FHA/VA Lending

October 14, 2022

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Ginnie MBS Production Continues to Slide in Third Quarter

Issuance of new Ginnie Mae mortgage-backed securities fell 10% in the third quarter. Purchase-money activity climbed at both FHA and VA, but not enough to offset declines in loan mods and cash-out refinances. Read More

FHA Lenders Wait for Cut to Mortgage Insurance Premium

With the FHA MMIF actuarial audit due next month, industry watchers are speculating the timing of an announcement of a potential MIP cut. Read More

VA Targets Native Veteran Borrowers With Holistic Approach

A VA Native American Direct Loan offers the same benefits as one from the VA home loan guaranty program but with no private lender in the middle, said John Bell of the VA Loan Guaranty Service. Read More

FHA Opens RFI on Small Mortgage Loan Originations

FHA is seeking comments through Dec. 5 on its request for information on barriers to small mortgage lending. Read More

CHLA Asks Senate to Fund FHA Catalyst IT Upgrades

The House and Senate passed separate bills over the summer containing funding for the Department of Housing and Urban Development for the next fiscal year. Read More

Ginnie’s Nonbank Standards Remain Under Scrutiny

Industry analysts continue to assess Ginnie Mae’s new nonbank issuer eligibility requirements and what impact they might have on the mortgage market. Read More

HUD Outlines Florida Disaster Assistance Programs

The Department of Housing and Urban Development has issued a 90-day moratorium on foreclosures of FHA mortgages, among other measures. Read More

Around the Industry

Ginnie eyeing permanent emergency credit facility for nonbanks; USDA to hold training sessions on Guaranteed Underwriting System; home equity among seniors hits new record; Ginnie plans temporary business outage; Mortgage Bankers Association rustles support for VA appraisal bill; USDA expands Native American Relending Pilot program. Read More

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