Expert Urges FHA to Finalize Private Flood Insurance Rule February 18, 2022 Monica Hogan This is a recurring conversation every time the National Flood Insurance Program is up for an extension.Read More
FHA Restores Pre-Pandemic Multifamily Loan Policies February 18, 2022 Monica Hogan FHA has removed the temporary underwriting mitigants for its multifamily loan program that were imposed early in the pandemic.Read More
USDA Mandates Use of Automated Underwriting Technology February 18, 2022 Monica Hogan Starting May 9, lenders in the Rural Housing Service’s single-family loan program must use designated technologies.Read More
HUD OIG Releases Strategic Plan Targeting Fraud, More February 18, 2022 Monica Hogan The HUD watchdog plans to concentrate its oversight on high-risk and mission-critical areas, as well as emergency issues.Read More
Ginnie Publishes LIBOR Transition Reference Guide February 18, 2022 Monica Hogan Ginnie Mae and FHA continue to prepare for the impacts of a transition away from the London Interbank Offered Rate.Read More
Around the Industry February 18, 2022 Monica Hogan FHA clarifies deadlines for legal matters related to COVID-19 forbearance; FHA updates on Catalyst transition; Rural Housing Service hikes appraisal fee.Read More
Warehouse Commitments Drop, Usage Rates Begin to Crumble February 18, 2022 Paul Muolo Some financiers reported usage rates below 30%...Read More
Banks and MBS? The Love Affair Continues February 18, 2022 John Bancroft Banks and thrifts generated $51.76 billion in interest income from MBS investment last year.Read More
Southeast-Based Nonbank Selling GSE MSRs February 18, 2022 Paul Muolo The three states leading in the collateral count: North Carolina, Texas and California. Bids are due Feb. 24.Read More
Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More