HUD Allows HECM Lenders Leeway in Filing Documents April 17, 2020 Maria Volkova HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery. Read More
Top-Ranked FHA Lenders Increase Hiring April 17, 2020 Maria Volkova A handful of top-ranked FHA lenders have ramped up their hiring in anticipation of processing a boatload of forbearance requests.Read More
Relief for Borrowers With FHA Multifamily Mortgages April 17, 2020 Maria Volkova Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act. Read More
Negative Actions Taken Over CLO Issuers Due to COVID-19 April 16, 2020 Yemeng Yang The collateralized loan obligation market has been hit hard by the coronavirus pandemic as it sees a tidal wave of issuer downgrades.Read More
Forbearance Requests Continue to Climb April 16, 2020 Maria Volkova Forbearance requests have been made on 3.74% of all outstanding first liens. That number is expected to grow.Read More
Warehouse Banks Treading Lightly in COVID Era April 16, 2020 Paul Muolo Warehouse credit flows downhill: from the financier to the nonbank lender to the consumer. But with the pandemic stoking new economic fears, some providers are tightening their standards, like market leaders JPM and FH. Read More
More Shoes Drop for Nonbanks: Warehouse Giants JPM and FH Tighten Credit April 16, 2020 Paul Muolo First Horizon wants FICOs of at least 670 and will only provide credit on conventional and government loans.Read More
Impac Not Ready to Resume Mortgage Originations April 16, 2020 Brandon Ivey Impac had hoped to resume lending again after a shutdown of two weeks. But that was then... Read More
Consistent Post-Forbearance Options Needed for the Industry April 16, 2020 Yemeng Yang A lack of consistent post-forbearance options may pose additional risks for the industry, particularly for loans owned by Fannie and Freddie.Read More
Fair Lending Risks in Forbearance Handling April 16, 2020 Yemeng Yang Fair lending risks exist in servicers' handling of forbearance requests if certain protected classes are found to be disadvantaged.Read More
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