Ginnie, FHA, VA News Impacting the Primary/Secondary Markets

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Posted To: Pipeline Press

Opening today’s note with something non-business related, before the commentary comes out Wednesday (tomorrow) morning, we’ll have a full lunar eclipse. No glasses needed! Those on the East coast will only see it briefly before sunrise. For Midwesterners the best time will be between 6 and 6:30 CT. Mountain states: 6:30-7AM. West coast: 4:45-6AM. Best time for Hawai’i: 4-6AM and Alaska 4:30AM. FHA, VA, Ginnie, and HUD Program Changes Ginnie Mae is considering accelerating the month end investor reporting cycle to include a monthly reporting cut-off date no later than the last business day of the month, with RFS pool/loan investor reporting files due the 1st business day and corrections by the 3rd business day. The reason for this potential change is so that the loan level…(read more)

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