Industry and consumer groups want the VA’s upcoming Veterans Assistance Servicing Purchase loss-mitigation program to target borrower payment reduction, not a single interest rate target.
Mortgage industry executives and policymakers should rethink strategies to improve sustainable homeownership among first-time homebuyers, according to speakers at a recent housing conference.
Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.
Endorsements of FHA and VA insured loans increased by 9.2% in the third quarter while total first-lien originations declined. (Includes three data tables.)