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Inside FHA/VA Lending

October 20, 2023

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Ginnie Mae Servicing Market Grows in 3Q; Delinquencies Tad Up

The Ginnie Mae mortgage servicing market saw a modest growth from the second to the third quarter. Overall, the performance of loans in Ginnie MBS deteriorated but the pace of serious delinquencies declined in both FHA and VA programs. (Includes four data tables.) Read More

Government Leaders Focus on Affordable Housing

Officials from FHA, VA and USDA spoke about their plans to promote affordable homeownership at the Mortgage Bankers Association’s annual convention this week. Read More

In Philly, Gordon Highlights FHA To-Do List

FHA Commissioner Julia Gordon this week returned to her hometown of Philadelphia to address attendees at the Mortgage Bankers Association’s annual convention. Read More

Tozer Outlines Proposal for Ginnie Support to Nonbank Issuers

Former Ginnie Mae President Ted Tozer wants the Biden administration to make a program supporting nonbank issuer liquidity a high priority. Read More

FHA Will Consider Income From ADUs in Underwriting

FHA finalized a rule revising its rental income policies and property eligibility requirements for loans for properties with accessory dwelling units. Read More

USDA Updates Tech Handbook for SF Loan Program

Among the clarifications, Rural Development said that if a loan applicant owns a business, the loan officer must closely examine whether assets are co-mingled between business and personal accounts. Read More

VA Updates Procedures for Refunds, Funding Fee Exemption

Before a VA loan closes, lenders should establish the funding fee exemption status of the borrower, VA clarified. Read More

Around the Industry

HUD to host hearing on appraisal bias; bipartisan Senate bill to inform veterans of home loan benefits introduced; USDA updates handbook; Ginnie Mae allows commingling in Platinum pool types; HUD expands funding for loans and grants in its Green and Resilient Retrofit Program; VA reduces premiums for Veterans’ Mortgage Life Insurance program. Read More

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