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Home » Newsletters » Inside FHA/VA Lending

Inside FHA/VA Lending

January 24, 2020

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New Leader in GNMA MBS Servicing, Delinquencies Up

Lakeview Loan Servicing capped a years-long ascent up the ranking of Ginnie Mae servicers thanks largely to bulk MSR purchases and acquisitions through co-issuance arrangements. (Includes four data charts.) Read More

UI: Government Agencies Must Treat Student-Loan Debt Equally

An Urban Institute study has called for uniformity among Fannie, Freddie, FHA, VA and USDA when considering student-loan debt in mortgage underwriting. Read More

HUD OIG Reports $69M in Civil Recoveries in 2H19

HUD’s inspector general reported $69.0 million in financial recoveries from 30 administrative-civil actions related to FHA fraud and $39.2 million in settlements with two FHA lenders. Read More

IG Report Says HUD Failed to Safeguard Personal Records

An audit by the inspector general found that HUD had failed to meet basic privacy protection requirements for records containing stakeholders’ personally identifiable information. Read More

FHA Iterates Presidentially Declared Disaster Guidance

FHA has asked lenders and servicers to review existing guidance for originating and servicing forward loans and HECMs in presidentially declared major disaster areas. Read More

NY HECM Law May Further Burden Lenders, Servicers

New York’s new HECM law could further burden originators and servicers of FHA-insured reverse mortgages, a compliance attorney warned. Read More

FHA Lenders Lose Direct-Endorsement Approvals

Two FHA lenders lost their direct-endorsement approvals due to excessively high default and claim rates. The two can apply to have their DE authorization reinstated six months from the date of termination. Read More

Around the Industry

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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