Another Large FHA/VA Lender Reveals IPO January 15, 2021 Paul Muolo Michigan-based lender Home Point is joining the stampede into public ownership.Read More
Ginnie Loans in Relief Down, But Not Out of the Woods Yet January 15, 2021 Maria Volkova A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector. Read More
Ginnie’s PTAP Program to Sunset (No One Knows When) January 15, 2021 Maria Volkova Pass-Through Assistance Program advances outstanding were a mere $320,456 as of Jan. 4.Read More
HUD OIG Finds Flaws in FHA Endorsements January 15, 2021 Maria Volkova In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.Read More
Three Accused of Submitting False Claims to FHA January 15, 2021 Maria Volkova According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.Read More
Industry Pushes for Renter, Landlord Relief Disbursement January 15, 2021 Maria Volkova Trade groups called for quick disbursement of money allocated for renters and housing from the recently passed COVID-19 relief package.Read More
Around the Industry January 15, 2021 Maria Volkova Ginnie extends deadline for HECM MBS securitization; FHA updates TOTAL Scorecard; FHA Connection updated.Read More
Non-Agency Securitizations Still a Work in Progress. Re: COVID January 15, 2021 John Bancroft For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before... Read More
Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates? January 15, 2021 Paul Muolo What about Movement Mortgage as an IPO candidate? Read More
4Q Results Begin: Wells Slides in Mortgages, JPM Gains… January 15, 2021 Paul Muolo Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”Read More
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