Cart

Inside FHA/VA Lending

March 1, 2024

View Archived Issues

High Interest Rates Hammer FHA/VA Originations in 2023

Combined FHA/VA forward mortgage volume declined by 17.7% in the fourth quarter. For the full year, volume was down 19.9%. (Includes three data tables.) Read More

FHA Finalizes New Partial Claim Loss-Mitigation Option

With the new FHA payment supplement loss-mitigation option, servicers will be able to temporarily lower a delinquent borrower’s monthly payment by up to 25%, and up to 30% of the loan’s balance can be directed into a junior lien as a partial claim. Read More

VA Mortgage Assumptions Rise Steeply in 2023

VA processed 2,244 loan assumptions in 2023, compared with just 308 in the previous year. Under a VA loan assumption, a buyer takes over the seller’s mortgage at its existing terms. Read More

FHA Sets New Loan Limits for Title I Manufactured Housing

Ginnie Mae is also revising the financial eligibility requirements for FHA Title I issuers to help increase lender participation in securitization of the loans. Read More

Lawmakers Buy Some Time to Fund HUD, Government

Congressional lawmakers next week are expected to take up legislation meant to finalize fiscal 2024 funding bills before the latest continuing resolutions lapse. Read More

MISMO Plans Dataset for Government Servicing

MISMO said officials from FHA, VA, the U.S. Department of Agriculture and Ginnie Mae are part of the working group set up to develop the new dataset. Read More

Cardinal Plans to Use FICO 10 T for VA MBS

Cardinal Financial plans to offer the industry’s first security backed by VA mortgages scored with FICO 10 T. Read More

Around the Industry

USDA plans revisions to its single-family housing loan guarantee program guide; HUD raises civil monetary penalties; USDA lowers interest rates for its direct loan program; NAIHC names new executive director; FHA and USDA offer training opportunities in March. 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