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Inside FHA/VA Lending

August 2, 2024

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Transfers of Ginnie Servicing Spike With Bulk MSR Sales

The increase in sales of Ginnie MSRs was tied to bulk sales by United Wholesale Mortgage. Lakeview/Bayview Loan Servicing was — by far —the top bulk buyer of Ginnie servicing. (Includes two data tables.) Read More

FHA Commissioner Gordon Mulls Future of Agency

With the presidential election around the corner, FHA Commissioner Julia Gordon said her goal is to ensure she leaves FHA stronger than she found it. A Republican-appointed FHA commissioner also voiced support for the agency at a recent event to celebrate FHA’s 90th anniversary. Read More

HUD Eases Face-to-Face Loss-Mitigation Requirement

The final rule has its roots in a pandemic-era temporary partial waiver of the face-to-face meeting requirement. That waiver will remain in place through the end of the year. Read More

MBA Asks VA for More Time On Shift to Loan Review API

The Mortgage Bankers Association urged VA to extend the deadline for lenders to provide all full-file loan-level documentation through the agency’s new Loan Review application programming interface. Read More

HUD Spending Bill Ready For Vote by Full Senate

Under the proposed legislation, FHA would receive $155 million for administrative contract expenses for fiscal year 2025. Read More

RHS Launches Demonstration Loss-Mitigation Program

The last-resort Payment Supplement Account demonstration program will be in effect until July 24, 2026. Read More

NAHB Backs Bill to Rescind New Energy Efficiency Rules

The National Association of Home Builders has asked its members to support a bill that would stop FHA and the U.S. Department of Agriculture’s Rural Housing Service from adopting the 2021 International Energy Efficiency Code. Read More

Around the Industry

VA releases WebLGY system enhancement for veteran-paid buyer-broker charges; HUD updates debenture interest rates for FHA loans; FHA extends foreclosure moratorium in Maui, HI; Finance of America conducts 1-for-10 reverse stock split; MBA asks HUD for six-month extension for implementing new reconsideration of value policies. Read More

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