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VA Moves to Finalize Servicer Tier Ranking

April 29, 2022
Monica Hogan
VA is seeking feedback on its proposal to establish a performance-based tier ranking of servicers participating in its home loan program.
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FHA Adds 40-Year Loan Mod for COVID-19 Relief

April 29, 2022
Monica Hogan
FHA officials Lopa Kolluri and Julienne Joseph further explain the motivating rationale for allowing a new 40-year loan-modification option for borrowers financially impacted by the pandemic.
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HUD Details Actions Against FHA Lenders in Fiscal 2021

April 29, 2022
Monica Hogan
The Department of Housing and Urban Development’s Mortgagee Review Board took disciplinary actions against 97 FHA-approved lenders during fiscal year 2021.
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VA Urged to Boost Loans to Native American Veterans

April 29, 2022
Monica Hogan
VA has made relatively few home loans over the past 10 years under its Native American Direct Loan program, according to a report by the Government Accountability Office.
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HUD, VA Join USDA in Rural Partners Network

April 29, 2022
Monica Hogan
The White House this month announced the launch of its Rural Partners Network, an effort to “transform the way federal agencies partner with rural places to create economic opportunity.”
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HUD Secures Guilty Plea in Mortgage Fraud Case

April 29, 2022
Monica Hogan
The owner of a New Jersey-based property management company pleaded guilty to making false reports and statements to HUD.
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Around the Industry

April 29, 2022
Monica Hogan
Senate majority leader files cloture on Gordon’s confirmation for FHA chief; HUD OIG announces two Ginnie audits; HUD to host webinar for reverse mortgage counselors; FHA extends temporary shutdown of loan review system; HUD updates civil monetary penalties; FHA closes multifamily housing loan; USDA updates lender requirements for OneRD guaranteed loan initiative; USDA opens SF loan program to non-citizens.
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Another Robust Week for Mortgage Servicing Sales

April 29, 2022
Paul Muolo
MSR prices remain strong and could move even higher, some investment bankers predict...
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Blow-out Earnings for Mr. Cooper. Reason: Huge MSR Gains

April 29, 2022
Paul Muolo
And let us now praise MSRs...
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Buyouts from Ginnie MBS Revert Back to Pre-Pandemic Levels

April 29, 2022
Brandon Ivey
Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.
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