An ugly reality for land owners, mortgage lenders and others: the National Flood Insurance Program is currently $23 billion in debt and in dire need of reform.
Although the issues cited by lenders are not FHA issues per se, some firms are concerned that TRID-related uncertainties may cause problems for their FHA business...
Overall, Ginnie securitization of FHA and VA purchase loans increased by 37.7 percent and 37.9 percent, respectively, during the third quarter, according to Inside Mortgage Finance’s database.