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Inside FHA/VA Lending

July 16, 2021

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VA Refinance Volume Down Sharply in 2Q21, FHA Gains

A significant shift from refi to purchase-mortgage lending shaped the ranking of Ginnie issuers in the second quarter. Securitization of modified loans, including mortgages coming out of COVID forbearance, was up sharply. (Includes four data charts.) Read More

Industry Quiet on Proposal to Tighten Issuer Standards

According to Ted Tozer, former Ginnie Mae president, the industry was warned ahead of time by the government guarantor of plans to tighten financial requirements for single-family MBS issuers. Read More

FHA Adds New Loan-Mod Screening Requirement

FHA servicers are required to screen their portfolios by Aug. 24 for borrowers potentially eligible for the mod. Read More

VA: Some Employment Gaps Due to COVID-19 OK

Borrowers can still qualify for a VA-guaranteed mortgage even if they have gaps in employment due to COVID-19. Lenders are encouraged to use "good judgement and flexibility" while verifying a borrowers income. Read More

Congress Posits $56.5B HUD Budget for Fiscal 2022

The Appropriations Committee is expected to vote today on HUD's FY 2022 budget. Read More

FHA Tech Finally Ditching Mainframes for the Cloud

Plagued with years of failed technology modernization initiatives, HUD is turning things around with an IT modernization roadmap deemed a success thus far by HUD's Inspector General. Read More

GAO Offers Improvement Tips for HUD, Ginnie

Outstanding issues include Ginnie Mae's staffing-related challenges and the need to improve IT management. Read More

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