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New Loss-Mitigation Options Create Compliance Risks

October 11, 2024
Monica Hogan
Streamlining the adoption of new loss-mitigation programs ahead of deadlines can help servicers enhance their loan portfolios, according to a white paper from DLS Servicing Consultants.
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FHA Eases Cyber Incident Reporting Requirements

October 11, 2024
Monica Hogan
Following pushback from mortgage industry groups, FHA proposed extending the timeline for lenders to report certain cyber incidents to HUD.
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VA Lenders Adapting to Real Estate Commission Changes

October 11, 2024
Monica Hogan
Prior to the changes taking effect, VA issued a temporary variance to allow borrowers to pay buyer-broker charges so they can compete in the real estate market.
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MBA Calls for Changes to FHA Multifamily Proposal

October 11, 2024
Monica Hogan
The Mortgage Bankers Association said the HUD proposal would make FHA-backed multifamily construction loans costly to originate.
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FHA Clarifies Reconsideration of Value Guidance

October 11, 2024
Monica Hogan
Among various clarifications, FHA noted that lenders must provide ROV disclosure at mortgage loan application and on delivery of the appraisal report.
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FHA and VA Outline Relief Options in Aftermath of Hurricanes

October 11, 2024
Monica Hogan
HUD and VA are offering relief options for borrowers impacted by the widespread destruction caused by Hurricanes Helene and Milton.
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Around the Industry

October 11, 2024
Monica Hogan
HUD announces planned updates to its handbook for the management of multifamily affordable homes; VA announces revised release date for its Loan Guaranty Service Program Participant Management System; Ginnie introduces new monthly disclosure on rural loans in MBS.
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Blackstone Enters Non-QM Space, Hires Annaly Exec

October 10, 2024
Paul Muolo
The Blackstone Group wants to make its mark in the non-QM arena and has hired away an executive from Annaly’s Onslow Bay unit.
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MBA Asks HUD to Revise Multifamily Securitization Proposal

October 10, 2024
Monica Hogan
FHA lenders said the proposed rule would raise the cost of multifamily construction lending.
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Upswing in Scratch-and-Dent Securitizations

October 10, 2024
Dennis Hollier
Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023.
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