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HUD Issues Updates to CWCOT Procedures

July 10, 2020
Maria Volkova
Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.
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VA Loosens Underwriting Policies Amid COVID-19

July 10, 2020
Maria Volkova
For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived.
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FHA/VA Loans in Forbearance Drop

July 10, 2020
Maria Volkova
MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.
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Seniors Look to HECM as a Means of Securing Capital

July 10, 2020
Maria Volkova
The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent.
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HUD-OIG Warns of Fraud Schemes During COVID-19

July 10, 2020
Maria Volkova
Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.
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CMBS June Delinquencies Near All-Time High

July 9, 2020
Yemeng Yang
The delinquency rate on commercial MBS could still be headed higher, but with smaller increases, according to industry experts.
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Short Takes: A Good Week for Remote Online Notarization / MISMO Certifies First Two RON Products / FICO’s Resilience Index / CFPB’s New No. 2

July 9, 2020
Yemeng Yang

Remote online notary services have gained momentum during the coronavirus pandemic. This week, DocuSign announced it has acquired Liveoak Technologies...


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Pandemic Prompted Seniors to Consider HECMs

July 9, 2020
Maria Volkova

The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage


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OIG Suggests CFPB Expand Nonbank Monitoring

July 9, 2020
Yemeng Yang

In a new report, the CFPB’s Inspector General has recommended the bureau tailor its resources to monitor institutions based on risk and expand monitoring of nonbanks.


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Mortgage M&A: Buyers Are Out There, but Lack Sellers

July 9, 2020
Paul Muolo

Potential buyers of mortgage franchises are making their intentions known. But there’s just one problem: A lack of willing sellers.


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