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Inside FHA/VA Lending

October 25, 2024

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Delinquencies Rise Across Ginnie Servicing in 3Q

Delinquency rates for FHA and VA mortgages pooled in Ginnie Mae MBS increased across the board in the third quarter, with the total delinquency rate on FHA loans topping 10%. Read More

Health of Nonbanks a Focus for Ginnie, FHA and VA

Officials from the government agencies last week discussed plans to boost nonbank liquidity to ensure the entities can survive the next housing crisis. Read More

MBA Opposes FHA Proposal on Partial Claim Payoff Statement

The Mortgage Bankers Association warned that the proposed changes would expose servicers to new operational and regulatory risks. Read More

FHA Proposes Changes on Foreclosures of HUD-Held Loans

FHA released a draft mortgagee letter this week proposing new nonjudicial foreclosure processes for mortgage liens held by the secretary of the Department of Housing and Urban Development. Read More

Appeals Court Sides With HUD in REO Breach of Contract Case

The U.S. Court of Appeals for the Federal Circuit affirmed a lower court decision denying a breach of contract claim against the Department of Housing and Urban Development. Read More

Candor Adds Automated Underwriting Tool for FHA Loans

The company previously launched an automated underwriting tool for government-sponsored enterprise mortgages, and is now considering one for VA loans. Read More

HUD Official Touts Updates to FHA Home Repair Financing

The changes include higher loan limits for the 203(k) loans as well as higher fees for FHA-approved consultants. Read More

Around the Industry

FHA releases draft guidance on employment requirements for direct endorsement underwriters; OIG outlines top HUD management challenges; MISMO plans reverse mortgage data standards; and HUD announces latest appointments to Housing Counseling Federal Advisory Board. Read More

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