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Inside FHA/VA Lending

September 8, 2023

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Ginnie Securitization Stabilizes in August

The volume of FHA loans securitized into Ginnie Mae mortgage-backed securities increased 2.3% between July and August, while VA loan production sent to Ginnie declined at a similar rate. (Includes two data charts.) Read More

Industry Pushes VA to Issue Draft on Foreclosure Prevention

Industry watchers have called on VA to release a draft policy document describing the details of its proposed veterans assistance servicing purchase program by Sept. 21. Read More

MBA Asks FHA to Simplify Mortgage Review Rules

The Mortgage Bankers Association wants FHA to clarify language around the separation of credit and collateral delegated endorsement designations. Read More

California DOJ Settles Case Against The Money Source

The Money Source has agreed to pay $58,000 in civil monetary penalty to settle allegations of servicing violations. Read More

FHA Waives Rejected Loan Warning Flag Requirement

FHA said the requirement unnecessarily prevented or delayed borrowers from obtaining mortgages. Read More

CFPB Raises Concerns Over Reverse Mortgage Direct Mail

The bureau found a four-fold increase in the number of reverse mortgage direct mail advertisements sent to consumers over the past two years compared to 2019 and 2020. Read More

RHS Expands Declared Disaster Area Rehab Pilot

The pilot program was previously limited to only certain states and territories and included requirements that restricted program access. Read More

Around the Industry

MISMO seeks participants for VA-document-related working group; Senate banking subcommittee to hold housing supply hearing; HUD to host housing counseling conference; OMB to hold tribal consultation on 2025 budget; HUD to co-sponsor special purpose credit program roundtable; UWM expands soft credit check program. Read More

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