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Inside FHA/VA Lending

February 21, 2025

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Refi Recovery Lifts VA Volume; FHA Data AWOL

Refinance mortgages, especially streamlined refis, came roaring back, lifting 2024 VA lending volume by a sharp 28.5%. FHA volume is estimated to have risen 14.3%. (Includes two data tables.) Read More

With Turner as Chief, It’s No Longer Business as Usual at HUD

The FHA wasn’t spared from the Trump administration’s workforce reduction plan. Some industry observers fear the layoffs will slow underwriting times and delay closings. Read More

Loan Removals From Ginnie MBS Sharply Up in 2024

Some $202.78 billion of loans were removed from Ginnie Mae MBS last year, with about 88% of them representing borrower payoffs. (Includes two data tables.) Read More

Attorneys Call on Servicers to Study Final Defect Taxonomy

Attorneys at the Bradley law firm suggested lender/servicers update their policies and procedures, such as internal audit and quality control, to preempt potential origination or servicing defects. Read More

Eleventh Circuit Affirms Ruling in Favor of Navy Federal

A borrower sued Navy Federal Credit Union for denying his mortgage refinancing application on the grounds that he had poor credit performance with the credit union. Read More

Chase Prevails in Foreclosure Challenge Tied to FHA Loan

Ohio appellate court rules in a case stemming from an FHA mortgage Chase had acquired from USA Home Loan in 2008. Read More

FHA-to-FHA Refinancing May Spur Overpayment

Higher lender fees for originating FHA loans results in fewer loans being refinanced to conventional mortgages, according to a new research paper. Read More

Around the Industry

HUD cancels $4 million in DEI contracts; HUD DOGE task force recovers $1.9 billion of “misplaced” funds. Read More

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