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Inside FHA/VA Lending

September 2, 2022

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HECM Market Continues to Grow in Second Quarter

Lenders funded $17.71 billion of home-equity conversion mortgages during the first six months of the year as housing wealth continues to grow among homeowners 62 and older. (Includes three data charts.) Read More

Loan Withdrawals by Ginnie Servicers Plummet in 2Q22

Following a boom in buyout activity of FHA and VA loans from Ginnie Mae pools in the first 18 months of the COVID-19 pandemic, loan removals continue to decline. (Includes data chart.) Read More

Industry Shares Pros and Cons of New Ginnie Capital Standards

The government guarantor is trying to get more sophisticated in the way it evaluates issuers, and that’s a good thing, according to former Ginnie Mae President Ted Tozer. Read More

Ginnie’s McCargo Expounds on New Capital Rule and More

Ginnie Mae President Alanna McCargo wants to bring banks back as issuers to add more diversity to its portfolio. Read More

CHLA Seeks Changes to FHA Loss Mitigation, Ginnie Re-pooling

The trade group is backing a three-step loss-mitigation waterfall suggested by a former Ginnie president that would not require an actual buyout of the loan or an increase in the note rate. Read More

Government Program Officials Talk Tech at MISMO Summit

Administrators are promising technical system upgrades and bolstering industry cooperation through the Mortgage Industry Standards Maintenance Organization. Read More

FHA Clarifies Student Loan Debt in Mortgage Underwriting

Documentation on student loan debt forgiveness will be a key factor in the underwriting process for homebuyers benefiting from the recently announced debt relief program. Read More

Around the Industry

RHS finalizes new rule for single-family loan program; HUD to require unique entity identifier for FHA lenders; USDA to update guidance on default status codes; MISMO announces enhancement for industry loan application dataset; USDA introduces four new forms; HUD awards housing counseling grants. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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