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Nation’s Largest HECM Lender AAG Signs CFPB Consent Order

October 11, 2021
Paul Muolo
AAG was the largest home equity conversion mortgage lender in the first-half of 2021, with $2.59 billion of production.
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The Strongest Non-Agency MBS Reading in Quite Some Time

October 11, 2021
Brandon Ivey
Some $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter.
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McCargo Touts Importance of Ginnie Mae Charter

October 8, 2021
Monica Hogan
During her Senate confirmation hearing, Alanna McCargo, the nominee for Ginnie Mae president, pledged to ensure loss-mitigation tools remain protective as borrowers continue to exit forbearance programs.
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FHA Extends COVID-Related Forbearance, Proposes New Mod

October 8, 2021
Monica Hogan
FHA extended forbearance by another six months on recent additions to the recovery program and proposed a 40-year loan modification as a loss-mitigation option.
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FHA Updates Assets for Net Worth Calculation by Lenders

October 8, 2021
Monica Hogan
FHA lenders have until Dec. 31 to comply with new changes to financial requirements for mortgagee eligibility.
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GAO Deems FHA Catalyst Oversight Unreliable

October 8, 2021
Monica Hogan
The Government Accountability Office warned the FHA Catalyst technology modernization program faces an increased risk of outspending its planned $91.9 million budget.
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VA and Ginnie Embrace Tech Modernization, MISMO Standards

October 8, 2021
Monica Hogan
Officials from VA and Ginnie Mae detail plans to modernize technology systems to better serve borrowers, investors and regulators.
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MBA Weighs In on FHA Handbook Revisions

October 8, 2021
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council seek clarification on recent updates to FHA’s single-family handbook.
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HUD Seeks Comments on LIBOR Impact to ARMs

October 8, 2021
Monica Hogan
With the London Interbank Offered Rate set to be discontinued, HUD issued a request for comments regarding FHA ARMs.
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Around the Industry

October 8, 2021
Monica Hogan
HUD releases climate adoption and resilience plan; FHA seeks feedback on HECM-related changes to its single-family housing policy handbook; HUD awards loan servicing contract; FHA is hiring.
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