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Biden Takes Aim at Home Appraisal Disparity

June 4, 2021
Maria Volkova
Commemorating the 100th anniversary of the Tulsa Race Massacre, the White House announced the creation of a task force led by the housing secretary to root out discrimination in the appraisal and homebuying process.
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VA Issues Final COVID-19 Partial Claim Program Rule

June 4, 2021
Maria Volkova
The final rule aligns the VA partial claim program with initiatives implemented by the FHA and USDA. The rule goes into effect July 27.
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USDA Allows Refinancing of Loans Post-Moratorium

June 4, 2021
Maria Volkova
The temporary measure allows borrowers to refinance Section 502 and 504 loans if they were, or are, in a COVID-19 forbearance moratorium.
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FHA Clarifies Eligibility for DACA Recipients

June 4, 2021
Maria Volkova
The government MI amended documentation requirements for borrowers with Deferred Action for Childhood Arrivals status.
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Mortgage Help Proposed for Teachers, First Responders

June 4, 2021
Maria Volkova
The bipartisan House bill seeks to give teachers and first responders access to an FHA mortgage without having to make a downpayment.
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Ginnie to Leverage AI for Automation of Manual Tasks

June 4, 2021
Maria Volkova
The government guarantor said AI will soon be embedded more deeply into Ginnie Mae’s processes.
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Senate Panel Sends Todman’s HUD Nomination to the Floor

June 4, 2021
Maria Volkova
No vote has been scheduled yet on her nomination.
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The GSEs Attempt Clarity on QM Changes

June 4, 2021
Brandon Ivey
The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...
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Agency Single-Family Business Tumbles in May

June 4, 2021
John Bancroft
With mortgage rates climbing for most of the year, a pullback in refinance activity was expected.
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CFPB to Probe Forbearance Discrimination. Trouble Ahead for Servicers?

June 4, 2021
Paul Muolo
Acting Director Uejio: "For example, women- and minority-owned small businesses faced more severe economic consequences than their White counterparts, and Black and Hispanic homeowners were less likely to receive mortgage relief and forbearance.”
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