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Inside FHA/VA Lending

October 28, 2022

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FHA Delinquencies Continue to Rise, VA’s Flat in 3Q

The delinquency rate for FHA single-family loans pooled in Ginnie Mae mortgage-backed securities increased to 7.29% at the end of September, driven by loans in the 30 to 60 days bucket. (Includes four data charts.) Read More

Gordon Seeks Stable Funding for FHA Catalyst IT Modernization

FHA needs reliable funding to continue its multi-year Catalyst information technology upgrade, Commissioner Julia Gordon said in a recent interview. Read More

FHA Commissioner Discusses Market Challenges at MBA Convention

As the landscape shifts from refinances to purchase mortgages, the FHA program can be a volume generator, FHA Commissioner Julia Gordon told attendees at the annual Mortgage Bankers Association convention. Read More

Ginnie Grants One-Year Reprieve on Risk-Based Capital Standards

Nonbank issuers participating in Ginnie Mae MBS now have until the end of 2024 to comply with new risk-based capital requirements. Read More

Low-Cash Nonbanks Less Likely to Aid COVID-Era Forbearance

Cash-strapped nonbank servicers were less likely than banks to help borrowers through pandemic-era mortgage relief, according to a new Federal Reserve report on the CARES Act forbearance program. Read More

MBA Seeks Updates to FHA Policies

The Mortgage Bankers Association suggested FHA reinstate a mortgage lender’s option to document a borrower’s previous work history through a verbal verification of employment, among other recommendations. Read More

UI’s Tozer Seeks FHA Support for Assumable Mortgages

Ted Tozer, former Ginnie Mae president, is calling for revisions to FHA policy that would encourage the adoption of assumable mortgages. Read More

VA Looks at Updating Loss-Mitigation Options

VA wants to know if its loss-mitigation options are flexible and adaptable enough for transitional times. Read More

Around the Industry

Ginnie Mae to ease seasoning requirements for reperforming loans, FHA proposes updating loan limits on its Title I manufactured home program, HUD proposes removing LIBOR for ARMs, and more news. Read More

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