FHA’s Office of Single Family Housing

FHA's Office of Single Family Housing

2016 Ginnie Mae Summit

FHA: Streamlining Guidance and

Supporting the Borrower

Washington, DC September 19, 2016

Bob Mulderig Acting Deputy Assistant Secretary for Single Family Housing, FHA

Presenters:

: Kevin L. Stevens Director, Office of Single Family Housing, Home Mortgage Insurance Division--FHA

Justin Burch Director, Office of Single Family Housing, Quality Assurance Division, FHA

CONFIDENTIAL. PROPRIETARY. INTERNAL USE ONLY

FHA's Office of Single Family Housing

FHA Single Family Priorities

Expanding Access to Credit

Implementing responsible ways of providing first-time homebuyers and underserved, credit worthy borrowers access to credit to ensure long-term

homeownership success.

Ensure Long-term Viability of MMI Fund

Balancing our mission with sound lending practices to ensure the health of the Mutual

Mortgage Insurance Fund.

Making it Easier to Do Business

Working with the industry participants to enhance business processes,

communication, and policy clarity.

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FHA's Office of Single Family Housing

Endorsement Counts by Fiscal Year and Quarter

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FHA's Office of Single Family Housing

FHA Purchase Mortgages and Access to Credit

FHA Share of Portfolio: First-Time Homebuyers

1,200,000

1,000,000

28%

800,000

600,000

30%

27%

27%

400,000

72%

70%

73%

73%

200,000

0 2010

2011

Source: FHA Home Mortgage Insurance Division

2012

2013

21% 79%

2014

18% 82%

2015

Non-First First

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FHA's Office of Single Family Housing

Percentage (Of FY Endorsements)

HECM Endorsement Portfolio Snapshot:

FY 2009 ? FY 2016 YTD HECM Interest Rate Type

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

12% 88% FY 2009

69%

31% FY 2010

Variable Fixed

61%

68%

69%

39%

32%

31%

FY 2011

FY 2012

FY 2013

Fiscal Year

19% 81% FY 2014

16%

11%

84%

89%

FY 2015

FY 2016*

? Data as of July 31, 2016

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