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Historic Data Not Enough to Prepare for Climate Risks

November 22, 2023
James Dohnert
Banks need to use stochastic events to better prepare for the long-term impact of climate change, according to a CoreLogic analyst.
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MMIF Healthy; Lenders Call for End to Life-of-Loan Policy

November 17, 2023
Monica Hogan
With a healthy reading on FHA’s Mutual Mortgage Insurance Fund, lender trade groups want further changes to FHA’s mortgage insurance premium policy. (Includes data table.)
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FHA Seeks Comments on Revised Loss-Mit Offering

November 17, 2023
Monica Hogan
FHA has added to its drafting table a revised proposed mortgagee letter on the planned Payment Supplement Partial Claim loss-mitigation program.
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Democrats Urge VA to Halt Foreclosures

November 17, 2023
Monica Hogan
Four Democrat Senators have asked VA secretary to pause VA foreclosures until after the agency launches its Veterans Assistance Servicing Purchase loss-mitigation program.
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Gordon Says She Needs More Time to Complete Mission

November 17, 2023
Monica Hogan
FHA Commissioner Julia Gordon said 2024 is all about execution.
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loanDepot Creates New Role to Oversee VA Lending

November 17, 2023
Monica Hogan
loanDepot has been building an in-house team of veterans who can provide loan officers with information related to the VA program.
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AAG Integration Slows FoA 3Q Earnings

November 17, 2023
Monica Hogan
Finance of America took another loss in the third quarter as the firm works to integrate American Advisors Group.
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VA Amplifies Awareness of 0% Downpayment Home Loan Benefit

November 17, 2023
Monica Hogan
The VA has launched an ad campaign across television, print, radio, digital media, billboards, public transit and social media.
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Around the Industry

November 17, 2023
Monica Hogan
Congress extends NFIP through Feb. 2, 2024; FHA proposes updated home equity conversion mortgage assignment claims eligibility policy; FHA extends waiver on face-to-face interviews with distressed borrowers; VA extends foreclosure moratorium for Hawaii wildfires; HUD OIG reports on HUD’s top management challenges.
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Angel Oak REIT Returns to Profitability in Third Quarter

November 17, 2023
James Dohnert
A reduction in operating expenses and acquisitions of newly originated non-qualified mortgages helped Angel Oak’s mortgage REIT post an $8.3 million profit in the third quarter.
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