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Inside FHA/VA Lending

August 30, 2024

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HECM Production Increases in the Second Quarter

New FHA home equity conversion mortgage endorsements increased 10.8% from the first quarter to the second. Year-to-date, though, volume was down from the first six months of 2023. (Includes three data tables.) Read More

Industry Seeks More Time to Implement VASP Program

The Mortgage Bankers Association and the Housing Policy Center have urged VA to extend the deadline to implement the Veterans Affairs Servicing Purchase loss-mitigation program though Dec. 31. Read More

Industry Stakeholders Seek Details on Harris’ DPA Plan

Some questioned whether the proposed $25,000 downpayment assistance to first-time homebuyers would be enough in some housing markets. Read More

UI Expands on FSOC Report on Ginnie Nonbank Liquidity

Researchers at the Urban Institute suggested alternatives to provide liquidity support to Ginnie Mae nonbank issuers and suggested that the Federal Housing Finance Agency be the prudential regulator for nonbanks. Read More

FHA Updates System Ahead of 203(k) Program Changes

The updates to FHA Connection will support implementation of revisions to the 203(k) rehabilitation mortgage insurance program. Read More

Consumer Group Calls for Tighter Policies to Protect FHA Borrowers

The Consumer Federation of America has suggested policy changes to help FHA borrowers better compete in the market. Read More

USDA Updates Handbook to Include New MRA Process

The updates to the handbook outline guidance for servicing non-performing loans under a new rule, which will be implemented in February. Read More

FHA Posts Interim Rules on Non-Judicial Foreclosures

FHA has outlined interim procedures for nonjudicial foreclosures with liens held by the secretary of the Department of Housing and Urban Development. Read More

MBA Asks HUD to Roll Back Crisis-Era Multifamily DSCR

The trade group urged the Department of Housing and Urban Development to roll back the minimum debt service coverage ratio and raise the maximum loan-to-cost ratios for FHA’s multifamily loan program. Read More

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