Thanks largely to a revived streamlined-refi program, the VA produced a record $82.6 billion of home loan guaranties in the first quarter, extending its lead over the FHA. (Includes five data charts.)
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Selling servicing rights, Ginnie Mae or otherwise, is no easy task these days, given the financial damage caused by the pandemic. However, green shoots may be emerging.
Ginnie Mae-insured loans continue to account for the highest percentage of forbearance requests but the relief growth rate is starting to flatten.
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FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.
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The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
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