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Inside FHA/VA Lending
June 12, 2020
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Inside FHA/VA Lending, Full Issue, June 12, 2020 (PDF)
GNMA Rolls Along in May; COVID Impact May be Easing
Ginnie MBS issuance in May was off just a whisker from April’s record, but the full impact of the recession on housing sales is yet to come. (Includes two data charts.)
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Second-Ranked FHA Lender Quicken Contemplates IPO
Quicken Loans, the largest home lender in the nation, has yet to publicly file an S-1 statement with the SEC.
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Industry Urges FHA to Reverse Forbearance Policy
Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.
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NewDay Lowers FICO Minimums to 680
The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.
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A Growing Fear that Ginnie ‘Buyouts’ Could Mushroom
Ginnie MBS investors hate loan buyouts because it alters prepayment speeds. Will the COVID-19 crisis spark a wave of new activity?
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Private MI Firms Essent, NMI on a Capital-Raising Spree
FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.
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KBW Downgrades Private MI Sector
All four monoline insurers, MGIC, Radian, Essent and National Mortgage, have been lowered to “market perform” based on valuations.
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Impac Returns with a Renewed Focus on FHA, More
The struggling lender has kick-started its operation, including a menu of FHA loans.
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HUD-IG Says Telework Had Little Impact on Operations
HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions.
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FHA/VA Mortgages in Forbearance Leveling Off
Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?
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New Digital Lender Plans to Offer FHA/VA Loans
Beeline plans to offer FHA loans by 3Q and VA loans next year.
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