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Inside FHA/VA Lending

February 7, 2025

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Ginnie Issuance Drops for Second Month in a Row

The refi boomlet lost steam after peaking in November. PennyMac overtook Freedom Mortgage at the top of the issuer ranking in January. (Includes two data tables.) Read More

New HUD Secretary Has His Eyes Set on Affordability

The Senate voted 55-44 to confirm Scott Turner as housing secretary, paving the way for the Trump administration to install new leadership at FHA and Ginnie Mae. Read More

New Admin Looks to Refocus Agencies’ Agenda

The Trump administration is expected to put an early focus on reducing regulation and improving efficiency at federal housing agencies. Read More

Confusion Following Trump’s Attempted Funding Pause

The pause was ultimately rescinded following court injunctions. In the meantime, participants in government-insured mortgage programs faced uncertainty. Read More

Industry Asks VA to Provide More Time for API Mandates

VA is considering a rule that would require lenders to use a new application program interface to report loan information and remit funding fees to the agency. It also plans to rewrite rules regarding when VA would assert a defense for a partial or total loss of a guarantee. Read More

Ginnie Faulted on Preparedness for Nonbank Failures

GAO called for Ginnie Mae to develop processes for participating in interagency exercises, noting that FHFA did a better job than Ginnie in an FSOC effort aimed at addressing the likely failure of a major nonbank mortgage company. Read More

HUD Delays Effective Date of HOME Program Revisions

The changes were set to take effect Feb. 5. Instead, HUD instituted a 90-day delay to review the final rule developed by the Biden administration. Read More

Around the Industry

VA sets return-to-office requirements for employees; Indecomm adds FHA underwriting; RHS interest rates increase; number of downpayment assistance programs grows. Read More

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