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Expanded-Credit Lending Gets Caught in the Coronavirus Downdraft

June 2, 2020
Brandon Ivey

“It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending...


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Corporate Landlord IH Reports Strong Rent Collections, High Occupancy Rates

June 1, 2020
Paul Muolo

Originally grubstaked by Wall Street and once the recipient of a large loan from Fannie Mae, the REIT saw the average occupancy rate of its SF units increase to a record-high 97.5%...


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On the Mend: Non-QM MBS Issuance

June 1, 2020
Brandon Ivey

Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.


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Amid Forbearance Concerns, Ginnie Issuance Sets New Monthly Record in April

June 1, 2020
John Bancroft

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.


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FHA Finalizing Forbearance Policy for Loans in Progress

May 29, 2020
Paul Muolo
FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.
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Seniors Move to Tap Equity as Pandemic Spreads

May 29, 2020
Yemeng Yang
Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.
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Forbearance Rate for FHA/VA Loans Climbs

May 29, 2020
Maria Volkova
As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.
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In His First Remarks, HUD’s No. 2 Tries to Reassure

May 29, 2020
Maria Volkova
Brian Montgomery, the recently confirmed HUD deputy secretary, is known for working in a bi-partisan fashion and pushing through meaningful legislation.
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HUD to Launch E-Delivery Portal ‘FHA Catalyst’

May 29, 2020
Maria Volkova
The platform currently offers two modules, which allow servicers to submit mortgage supplemental claims and case binder documents.
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Non-QM Lenders Return, but Carefully. NewFi Lowers Its LTV Max to 60%

May 29, 2020
Brandon Ivey

After the pandemic changed its worldview, NewFi lowered its LTV on non-QM offerings to 60%...


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