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Inside FHA/VA Lending

February 10, 2023

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Declines in Ginnie MBS Issuance Slow in January

Issuance of Ginnie Mae MBS declined again in January, though at a slower pace than the drop-off seen in the final months of 2022. PennyMac was the top issuer during the month. (Includes two data charts.) Read More

After COVID-Era Success, FHA Boosts Loss-Mitigation Efforts

FHA will expand its loss-mitigation options to borrowers at risk of default even if COVID-19 wasn’t the cause of their economic challenges. Read More

UI Proposes FHA, VA Adopt AVMs in Appraisals

The Urban Institute has called on federal housing agencies to accommodate automated valuation models as their starting points, with human appraisers checking the accuracy of the data as a back-up. Read More

OIG Finds HUD IT Lacking in Telework Support

The Office of Inspector General found that the bandwidth on HUD’s virtual private network couldn’t accommodate all the employees who needed remote access during the pandemic. Read More

FHA Should Adopt HECM Servicing Reforms, NCLC Says

The National Consumer Law Center said FHA should reform its home equity conversion mortgage program to reduce the number of so-called preventable foreclosures. Read More

RHS Proposes Revising Partial Claims Rules for NPLs

The new proposal from USDA’s Rural Housing Service would eliminate the need for a second lien in new servicing options for non-performing home loans. Read More

NAIHC Prepares Tribal Housing Legislative Plans

Members of the National American Indian Housing Council will meet with legislators next month in Washington, DC. Read More

Around the Industry

Ginnie announces new LMI ESG disclosures; HUD seeks comments on proposal to expand housing counseling tailored to tribal communities; HUD issues RFI on learning agenda supplement; Housing and Insurance subcommittee chair named; House committee disallows changes to veterans’ ability to testify virtually; USDA updates handbook. Read More

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