Cart

Inside FHA/VA Lending

January 19, 2024

View Archived Issues

Ginnie Servicing Grows in 4Q, Delinquencies Up

The amount of Ginnie Mae servicing outstanding increased by 1.9% in the fourth quarter. On an annual basis, servicing volume was up 8.2%. Defaults on loans in Ginnie MBS are also rising, particularly for FHA loans. (Includes four data tables.) Read More

Ginnie’s Cooper-Jones Delays Retirement to Help With Transition

Barbara Cooper-Jones, the outgoing senior vice president of Ginnie’s Office of Enterprise Data & Technology Solutions, is widely credited with helping to modernize the agency’s technology platform. Read More

FHA Life-of-Loan Policy Open to Review, HUD Secretary Says

HUD Secretary Marcia Fudge last week indicated she’d be willing to revisit the FHA mortgage insurance policy that requires borrowers to pay premiums for the life of the loan. Read More

Ginnie Exploring New HECM Securitization Product

Ginnie Mae is evaluating a new security backed by FHA home equity conversion loans that have reached balances above 98% of their maximum claim amounts. Read More

MBA Seeks Tweaks on 203(k) Rehab Loan Program

The Mortgage Bankers Association has expressed support for FHA’s effort to update its housing rehabilitation loan program as one way to address housing supply challenges. Read More

Democratic Senators Seek Review of Navy Federal

Ten Democratic lawmakers, led by Senate Banking, Housing and Urban Affairs Committee Chair Sherrod Brown, want HUD and the CFPB to investigate Navy Federal Credit Union over fair lending concerns. Read More

HUD OIG Updates Priority Recommendations

The Department of Housing and Urban Development watchdog in its fiscal 2024 priority recommendation report had 819 open recommendations for the agency. Read More

Around the Industry

Former FHA Commissioner David Stevens dies at 66; NAAHL names Sarah Brundage CEO; Ginnie hosts state housing agencies at roundtable; Ginnie files motion to dismiss TCB lawsuit; OCC to host appraisal bias hearing; and other news. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results