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Inside FHA/VA Lending

March 10, 2023

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Ginnie Mae MBS Issuance Slides Further in February

The flow of new single-family mortgage-backed securities in Ginnie pools dribbled to just $22.66 billion last month. Through the first two months of the year, volume was down 53.9% from the same period in 2022. Read More

FHA Finalizes 40-Year Loan-Mod Rule Without Changes

FHA finalized a permanent stand-alone 40-year loan modification option for distressed borrowers. Read More

Ginnie Says New EVP/COO Will Be a Career Employee

Ginnie Mae is wasting no time in looking to find a replacement for Sam Valverde, who was recently promoted to principal executive vice president. Read More

FHA Plans to Ease Branch Office Requirements

The proposed changes are tied to registration of branch offices where lenders are authorized to conduct FHA business and to applicable fees. Read More

McCargo Touts Interagency Harmony on ESG Data

Coordination with FHA and the VA has been instrumental in helping Ginnie Mae implement its environmental, social and governance mortgage-backed securities initiative. Read More

FHA/VA Lender Banned for Making False Representations

The CFPB has permanently banned RMK Financial/Majestic Home Loans from the mortgage lending business for repeatedly disseminating misleading marketing material. Read More

HECM Denial Rate Higher for Black Seniors, UI Finds

Policy changes could curb denial rates of Black applicants to FHA’s home equity mortgage conversion program, an Urban Institute report says. Read More

Around the Industry

White House releases budget request; MBA seeks clarifications from FHA on expanded COVID loss-mitigation options; MBA asks VA to consider appraisal-related policy reforms; HUD finalizes rule removing LIBOR as approved index for FHA ARMs; House bill seeks to make permanent mortgage insurance premium tax deduction. Read More

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