Correspondent Channel Share Grows in FHA/VA Market July 7, 2023 Monica Hogan The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.Read More
FHA Urged to Adjust Loss-Mitigation Proposal July 6, 2023 Monica Hogan The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.Read More
FHA Loans Drive Up Ginnie Issuance in May June 21, 2023 Monica Hogan Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.Read More
Nonbank Ginnie Issuers Making Progress on Capital Requirements June 2, 2023 Monica Hogan Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
Proposals to Help Nonbank Ginnie Servicers May 24, 2023 Paul Muolo The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Lakeview Increases Ginnie Servicing Lead in First Quarter April 27, 2023 Andras Malatinszky The amount of Ginnie servicing volume outstanding increased by 1.6% in the first quarter while Lakeview's portfolio grew by 3.4%.Read More
CHLA Asks for Full Funding for FHA, Ginnie April 27, 2023 Monica Hogan The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.Read More
Mortgage Insurance Activity Declines in First Quarter April 25, 2023 John Bancroft Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.Read More
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