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HECM Production Continues Stellar Growth in 1Q22

June 24, 2022
Monica Hogan
Lender activity in FHA-insured reverse mortgages continued its upward trend in the first quarter of 2022, with some $8.38 billion of loans endorsed. (Includes three data charts.)
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VA Wants to Expand Appraisal Panel

June 24, 2022
Monica Hogan
In a largely purchase market, the demand for timely appraisals becomes more critical, John Bell, executive director of the VA Loan Guaranty Service, said in an interview.
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HUD Counselors Seek Clarity on Manufactured Housing

June 24, 2022
Monica Hogan
New questions relating to manufactured housing will be added to the HUD housing counselor training and certification exam later this year.
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Ginnie Chief Shares Concerns on State of Mortgage Lending

June 24, 2022
Monica Hogan
Ginnie Mae President Alanna McCargo highlighted climate change as “one of the greatest risks” facing the mortgage market.
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FEMA Official Proposes NFIP Reforms

June 24, 2022
Monica Hogan
The latest short-term extension of the National Flood Insurance Program is set to expire Sept. 30.
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Industry Cheers MIP Changes for Green Care Properties

June 24, 2022
Monica Hogan
The U.S. Green Building Council applauded HUD’s proposal to require an Energy Star score of 75 or better to qualify for the mortgage insurance premium cut.
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Sources: PIMCO Pulls Support for Non-QM Lender FGMC

June 24, 2022
Paul Muolo

Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.


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A Nice Gain for Second-Lien Lending, but Outstandings Shrink

June 24, 2022
Paul Muolo
Wells Fargo once again ranked first in this specialty niche...
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Mortgage Company Bonds Come Under Pressure

June 24, 2022
Paul Muolo
Some of loanDepot's bonds have been trading for as low as 67 cents on the dollar...
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Another Run at the QM Rule?

June 24, 2022
Sam Manas
In April 2021, the CFPB extended the mandatory compliance date for its general QM rule to October 2022...
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