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Inside FHA/VA Lending

January 5, 2024

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Ginnie Issuance Declines in 2023; VA Loses Market Share

Ginnie Mae guaranteed just $374.92 billion of new single-family mortgage-backed securities in 2023, its lowest in nine years. VA’s share of Ginnie activity narrowed to 37.4% from 43.3% in 2022. Read More

HECM Endorsements Increase in Third Quarter

Reverse mortgage lenders funded $3.95 billion in new home equity conversion mortgages in the third quarter, a 17.9% increase from the previous period. Year to date, though, HECM endorsements lagged. Read More

Industry Calls on Congress to Fully Fund FHA, Ginnie

Industry participants are asking Congress to fully fund the salary and expense requests for both FHA and Ginnie Mae during the fiscal 2024 budget appropriations reconciliation. Read More

Lenders Expect Uptick in FHA, VA Originations

FHA and VA lenders are gearing up for an uptick in purchase, refinance and renovation loans in the new year. Read More

Trade Groups Urge VA to Revisit VASP Policy

Industry and consumer groups want the VA’s upcoming Veterans Assistance Servicing Purchase loss-mitigation program to target borrower payment reduction, not a single interest rate target. Read More

Strong Support for HUD Proposal on Counseling Flexibility

Housing counseling providers are backing a proposal from HUD to permanently allow for services to be provided virtually rather than in-person. Read More

Around the Industry

VA issued a reminder on loan assumption requirements; Fannie to update Desktop Underwriter with FHA/VA loan limits on Jan. 20. Read More

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