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Inside FHA/VA Lending

February 7, 2020

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Ginnie MBS Issuance Starts 2020 With Unexpected Gain

Overall volume was up for both purchase and refinance loans as Ginnie posted its second-highest monthly MBS issuance. VA provided most of the oomph. (Includes two data charts.) Read More

JPMorgan Chase Signals Desire to Reenter FHA Market

The bank is considering reentering the FHA market, which it fled in 2014 due to tougher regulations and onerous monetary penalties for violating lending rules. The exit of large banks allowed nonbanks to establish a foothold and the correspondent market to flourish in the FHA space. Read More

Analysts Optimistic on FHFA Capital, Liquidity Proposals

The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs. Read More

Ginnie to Again Meet With Largest Nonbank Issuers

The financial condition of nine of Ginnie’s largest nonbank issuers is under review as part of the agency’s ongoing effort to ensure they are financially capable of withstanding the worst economic conditions. Read More

IG Calls for Changes to HUD Loss-Mitigation Policies

An IG audit has discovered delays in servicer reporting of FHA-HAMP loan modifications and filing of partial claims, resulting in HUD’s inability to act on problems in a timely manner. Read More

MBA Urges Policy Changes to Boost Affordable Housing

FHA reforms suggested by the MBA include streamlining of servicing requirements and standardization of guidelines for downpayment assistance programs. Read More

Around the Industry

HUD seeks condominium-related data collection approval from OMB; Ginnie plans revision of file layout for HMBS pool-level disclosures; automated set-up of electronic funds transfer accounts. Read More

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