The volume of broker-originated FHA and VA refinance loans pooled in new Ginnie MBS jumped 94.1% from the first to the second quarter. Correspondent production saw the smallest gains among the three channels.

VA has issued interim guidance for implementing legislation, which removes the VA guaranty cap on jumbos.

Lenders don’t need prior VA approval to cure IRRRLs that do not meet certain standards as long as it doesn’t increase loan costs.

VA has directed lenders not to advise veterans to close a loan without first verifying their exemption from paying the VA funding fee.

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Ginnie Mae will not be able to conform its pooling requirements to the VA interim final rule on cash-out refinancing because doing so would be contrary to the provisions of the Dodd-Frank reform act, the agency noted.

Congress is reportedly considering a legislative proposal to charge higher guarantee fees for VA mortgages to cover healthcare costs of Korean and Vietnam War veterans who were ex-posed to herbicides, such as Agent Orange and other toxic agents.

Industry representatives are urging the Department of Veterans Affairs to delay an interim final rule on VA cash-out refinance loans for fear that lenders may stop offering the product.

FHA and VA are calling on servicers to provide special relief to furloughed federal workers and contractors as the partial government shutdown neared a full month with no end in sight.