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Inside FHA/VA Lending

June 16, 2023

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Ginnie Mae MBS Issuance Increases Slightly in May

The volume of Ginnie Mae mortgage-backed securities issued last month increased slightly from April, driven by a modest uptick in FHA activity. VA deliveries to Ginnie declined in May. (Includes two data charts.) Read More

Lenders, Builders Oppose HUD Floodplain Proposal

The Department of Housing and Urban Development wants all new or substantially renovated homes insured by FHA to be elevated an additional two feet above base flood elevation. Read More

HUD Agenda Shows Several FHA Rules in the Pipeline

The FHA has more than a dozen final or proposed rules lined up for action over the next 12 months. The agenda includes rules to modernize engagement with mortgagees in default and to update requirements for firms that invest in FHA mortgage servicing. Read More

VA Updates on Loan Origination Modernization

The VA’s Steve Varlas spoke about tech modernization at the Mortgage Industry Standards Maintenance Organization’s spring summit in Portland, OR. Read More

FHA Mortgage Documents Translated Into Five Languages

FHA this week announced a new language access web page with key single-family home mortgage documents and educational resources translated into Spanish, Chinese, Korean, Tagalog and Vietnamese. Read More

HUD OIG Finds Servicers Struggled With Loss Mit

Mortgage servicers didn’t always sufficiently comply with FHA loss-mitigation requirements for borrowers whose COVID-19-related forbearance had ended, the inspector general for the Department of Housing and Urban Development said this week. Read More

USDA Honors Top Rural Home Mortgage Lenders

Ingrid Ripley, executive director of USDA RD’s single-family home guarantee program, said construction lending and manufactured housing loans will help address the housing supply issue in rural America. Read More

Around the Industry

Ginnie extends e-Sign use; HUD OIG to testify before congressional committee; FHA Catalyst claims module will require new user information; USDA updates single-family housing handbook; HUD lifts cap on multifamily loans for low-income housing tax credit pilot. Read More

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