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Inside FHA/VA Lending

August 25, 2023

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FHA Lending Up Nearly 40% in 2Q; VA Lags

Government-backed originations increased in the second quarter thanks to a seasonal boost in purchase mortgages. FHA production outpaced VA lending, and the top lenders largely increased originations. (Includes three data charts.) Read More

FHA, VA Set Assistance for Maui Borrowers

Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires. Read More

Tozer Proposes Help for Nonbank Ginnie Issuers

Without additional funding support, nonbanks don’t have options to fund servicing advances for loans that are 90 or more days past due, former Ginnie Mae President Ted Tozer said. Read More

Some Variation in Ginnie Loan Removal Activity

Loan removals from Ginnie MBS increased in the second quarter of 2023. Removals are largely tied to loan payoffs, though there are some variations among servicers. (Includes data chart.) Read More

Southwest Funding Loses FHA Direct Endorsement Authority

The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board. Read More

Republican-Backed Bill Would Raise VA Borrower Fees in 2032

The Congressional Budget Office last week released its cost estimate on a House bill that seeks to administer housing assistance programs. Read More

MBA Calls for Easier HECM Appraisal Process

The trade group suggested HUD streamline property valuation data for HECMs through a waterfall of appraisal options that could eliminate the need for a second appraisal in some cases. Read More

RHS Proposes Updates to Manufactured Housing Program

The USDA’s Rural Housing Service is proposing to allow more borrowers to purchase existing manufactured homes. Read More

Around the Industry

HUD extends public benefits program comment period by 30 days; FHA seeks director of single-family program development; CFPB fines a top VA lender. Read More

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