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Inside FHA/VA Lending

July 10, 2020

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GNMA MBS Issuance Hits New Record Level in 2Q20

VA refinance activity drove much of the increase from the first to the second quarter, and the veterans' program accounted for over half of Ginnie MBS issuance during the period. (Includes four data charts.) Read More

Ginnie Dampens ‘Easy Pickings’ on Buyouts

Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS. Read More

Oceanwide’s Acquisition of Genworth Delayed Yet Again

In the event the deal falls through, Genworth Financial said it is considering a debt offering and a 19.9% initial public offering of its U.S. mortgage insurance business. Read More

HUD Extends Flexibilities for Employment Re-verification

Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note. Read More

FHA Rulemaking to Focus on Reducing Cost, Modernization

The administration’s regulatory agenda includes proposals to reduce costs of servicing, update regulations and protect its portfolio. Read More

HUD Issues Updates to CWCOT Procedures

Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values. Read More

VA Loosens Underwriting Policies Amid COVID-19

For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived. Read More

FHA/VA Loans in Forbearance Drop

MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%. Read More

Arch Parent Sells 30-Year Paper, ILN Too

Now that markets have calmed somewhat, mortgage insurers can issue insurance-linked deals and more. Arch is the first out. Read More

Seniors Look to HECM as a Means of Securing Capital

The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent. Read More

HUD-OIG Warns of Fraud Schemes During COVID-19

Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned. Read More

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