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Lower Originations, Consumer Earnings at Bank of America

April 18, 2022
Paul Muolo
In the home equity department, BofA funded $2.04 billion compared to $1.70 billion in the fourth quarter.
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Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire

April 18, 2022
Brandon Ivey
One MBA official said currently only 15 states allow for remote work permanently...
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Shut for Repairs: FHA's Loan Review System

April 18, 2022
Monica Hogan
FHA estimates access to the LRS will be restored by April 25...
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Gordon Moves Forward in Senate Confirmation Process

April 15, 2022
Monica Hogan
Julia Gordon is on track to be confirmed after the Senate last week voted 51-50, with VP Harris casting the tiebreaker, to enable consideration of her nomination as FHA commissioner on the Senate floor.
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Some Experts Favor Wait and See on FHA Premium Cuts

April 15, 2022
Monica Hogan
Amid growing calls among industry participants for a reduction in FHA mortgage insurance premiums, some experts believe FHA’s wait-and-see approach is the right way to go.
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FHA Shuts Down Loan Review System to Troubleshoot

April 15, 2022
Monica Hogan
FHA this week temporarily shut down its Loan Review System after users reported intermittent document errors over the past several weeks.
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HUD Releases First Equity Action Plan

April 15, 2022
Monica Hogan
The plan highlights FHA activities aimed at maximizing homeownership for first-time homebuyers, among other actions.
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FHA Counselors Need Succession Planning: HUD

April 15, 2022
Monica Hogan
The Department of Housing and Urban Development outlined certain essential functions that housing counseling agencies should focus on when creating a succession plan.
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VA Enhances Loan Review Options

April 15, 2022
Monica Hogan
VA lenders can now upload the closing and loan application datasets for loans selected for VA full-file loan review.
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Nursing-Home Owners Face Challenges, HUD OIG Reports

April 15, 2022
Monica Hogan
Owners of nursing homes in FHA’s Section 232 program faced financial and operational challenges stemming from the pandemic.
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