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Tag Archives: VA

Refis Rise on Low Purchase Market

Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report published by Ellie Mae on Wednesday. The percentage of FHA refinances increased to 28 percent of ...

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Can Homebuyers Get Better Government Loan Modifications?

The second in a three-part series of reports examines government loan modification products available for loans insured by the FHA, the VA, or the USDA and explores how borrowers who fall behind on payments can receive adequate payment relief in a high market rate environment.

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FHA Loans Could Lead to Portfolio Growth for Servicers

Altisource recently released its inaugural Default Servicing Survey, which pooled over 200 servicing professionals, which showed that industry experts believed that FHA and VA loans in their respective portfolios would increase in the coming year.

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Government Loans Up for 27th Month

Volume of government-backed purchase loans rose by 10 percent in January, despite an uptick in mortgage rates. RHS loans far outpaced other categories, with FHA comprising the smallest segment. The number of first-time buyers also rose, increasing 11 percent over the year.

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Fannie Mae Updates Foreclosure & Modification Servicing Guides

Fannie Mae recently release the latest Servicing Guide with updates including allowable foreclosure attorney fees for New York, suspending foreclosure proceedings for a streamlined modification offer, and servicing government mortgage loans.

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First Lady, VA Pledge to End Veteran Homelessness

First Lady Michelle Obama, the U.S Department of Housing and Urban Development (HUD), and the U.S. Department of Veterans Affairs (VA) announced the creation of the Mayors Challenge to End Veteran Homelessness at an event at the White House. At the event, more than 75 mayors and county and state officials from across the country pledged they are committed to ending veteran homelessness in their communities.

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