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FHA Issues Guidance on Engagement With Borrowers in Default

December 6, 2024
Monica Hogan
The new requirements go into effect Jan. 1. However, FHA has provided servicers alternative interim procedures through June 30.
Read More

House Passes Bill That Would Extend VA Loan Fee Increases

December 6, 2024
Monica Hogan
The Community Home Lenders of America warned that Congress shouldn’t use federal housing programs to pay for legislation.
Read More

Ginnie Issuers Get Final Term Sheet for HMBS 2.0

December 6, 2024
Monica Hogan
The term sheet for Ginnie’s home equity conversion mortgage MBS 2.0 program is largely unchanged from the draft proposed earlier this year.
Read More

FHA Plans to Test e-Delivery of Partial Claim Documents

December 6, 2024
Monica Hogan
The pilot seeks to demonstrate how HUD could reduce the costs associated with delivering and retaining original partial claim documents.
Read More

Gordon Calls for ‘Marshall Plan’ to Rehab Distressed Homes

December 6, 2024
Monica Hogan
FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.
Read More

Around the Industry

December 6, 2024
Monica Hogan
HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.
Read More

EBO Investor Prevails in Lawsuit Against Mr. Cooper

December 5, 2024
Brandon Ivey
An affiliate of Proprietary Capital won some significant rulings this week in a lawsuit against Mr. Cooper. The dispute involved early buyouts from Ginnie Mae MBS.
Read More

Momentum Builds for End of GSE Conservatorships

December 5, 2024
Dennis Hollier
More and more industry insiders believe the Trump administration will attempt to release Fannie and Freddie from conservatorship.
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Cardinal Issues VA MBS Pool With FICO 10 T Scores

December 5, 2024
Monica Hogan
Cardinal Financial issued the first Ginnie Mae MBS backed by VA loans with FICO 10 T credit scores.
Read More

BlackRock Buying Parent of Acra

December 5, 2024
Paul Muolo
Acra Lending is just one of many businesses that are controlled by New York investment giant HPS. But now that BlackRock is buying HPS, what might the future hold for the non-QM lender/servicer?
Read More
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