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Inside FHA/VA Lending

February 24, 2023

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FHA, VA Endorsements at Lowest Level in Four Years

FHA and VA originations in the fourth quarter of 2022 were the lowest since early 2019. The VA’s IRRRL program was practically wiped out, while HECMs were the least bleak corner of the market. (Includes three data charts.) Read More

For Now, Industry Happy With 30-bps FHA MIP Cut

FHA is cutting annual mortgage insurance premiums, effective March 20. Lenders are seeking operational clarity on loans already in the origination pipeline. Read More

Government Leaders Vow Continued Collaboration

Federal housing agencies will continue to collaborate on loss-mitigation options following their teamwork when responding to the COVID-19 pandemic. Read More

Ginnie Reduces HMBS Pool Size to Address Issuer Liquidity

Ginnie Mae has reduced the required minimum size for mortgage-backed securities pools with home-equity conversion mortgages from $1.0 million to $250,000. Read More

FHA Seeks Feedback to Inform Rehab Loan Policy Updates

FHA is taking comments through April 17 on a request for information on the barriers consumers and lenders face in accessing the FHA 203(k) rehabilitation mortgage program. Read More

Katrina-Related Homeowner Debt Forgiven for Louisiana Borrowers

The Department of Housing and Urban Development announced an agreement with Louisiana that will free borrowers from debt related to a program meant to mitigate against hurricane risk post Katrina. Read More

‘Gateway Communities’ Face Housing Challenges

The USDA’s Section 502 loan program could be the answer to the affordable housing crisis in towns near tourist attractions. Read More

Around the Industry

FHA to discontinue paper claims option; VA updates loan fees; Mortgage Bankers Association seeks Congressional action on multifamily housing; FHA corrects mortgagee letter on expanded loss-mitigation options; USDA maintains appraisal fee; HUD updates civil monetary penalties. Read More

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