Items Tagged with 'Department of Veterans Affairs'

ARTICLES

  • Housing News Podcast: A look at the most popular episodes of Season 1

    Listen to our top episodes
    The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, we take a look at some of the most popular episodes from season one. 
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  • Ginnie Mae takes steps to squash VA loan churning

    Will move forward with proposal to exclude high LTV loans from securities
    The churning of loans backed by the Department of Veterans Affairs has long been a thorn in Ginnie Mae’s side, as the agency has worked for three years to curb abuses by VA lenders. Now, Ginnie is taking yet another step to squash abuses, announcing Thursday that it is moving forward with a proposal to remove VA-backed cash-out refinances with high loan-to-value ratios from its flagship securities.
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  • From HW Magazine

    HOT or NOT August: What's trending in housing right now

    VA now backing larger loans, big banks become less profitable
    The Department of Veterans Affairs can now back loans that exceed the conforming loan limit, as a bill eliminating this cap was recently signed into law. Big banks are not as profitable as their independent competitors when it comes to the retail residential mortgage business.
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  • VA loan limits to be lifted in 2020

    VA says lender guidelines will be released ahead of January effective date
    Last month, President Donald Trump signed a bill into law that allows the Department of Veterans Affairs to back loans that exceed the conforming loan limit, enabling VA homebuyers to borrow above the $484,350 limit set for most counties, without any down payment. A VA spokesperson clarified the rule and outlined other changes that will go into effect as a result of the bill.
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  • Housing News Podcast: AIME's Anthony Casa explains why the Blue Water Navy Vietnam Veterans Act is a win for the mortgage industry

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    Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Anthony Casa, the chairman of the Association of Independent Mortgage Experts and the founder and former president of Garden State Home Loans, explains why President Donald Trump's decision to back the Blue Water Navy Vietnam Veterans Act is good news for the mortgage industry.
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  • Ginnie Mae considering changes to VA loan rules as refinances continue to soar

    Requests industry input on prevalence of VA cash-out refinances
    For more than 18 months, HUD, Ginnie Mae, and the VA have been investigating whether certain lenders are aggressively targeting service members and military veterans for quick and potentially risky refinances of their mortgages. Ginnie Mae even went so far as to issue new rules for VA loan refinances, restricting how soon a loan could be refinanced after its original origination date. And while Ginnie Mae says that those changes have made a positive impact, the agency is also now stating that more changes may be necessary to get the pervasiveness of VA loan refinances under control.
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  • Battle erupts over allegations that retail lenders are overcharging veterans for mortgages

    AIME's Anthony Casa accuses Fairway, Quicken, others; Fairway fires back
    For approximately 18 months, HUD, Ginnie Mae, and the VA have been looking into whether certain lenders are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. And now, retail mortgage lenders are facing new accusations that they are overcharging veterans on VA loans. But these accusations aren't coming from the government. Rather, this is some rather nasty mortgage industry in-fighting.
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