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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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. Read More
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%... Read More
COVID-19 Deals a Big Blow to Commercial Lending May 28, 2020 Yemeng Yang Production of commercial MBS for 2020 is expected to be less what was forecast earlier in the year, according to industry analysts. Read More
Borrowers Invoking Forbearance but Making Payments Anyway? May 28, 2020 Maria Volkova Yes, but the pattern could be short-lived, Black Knight believes.Read More
Mr. Cooper Discloses a Whopping 300 BP GOS for 2Q20 May 28, 2020 Paul Muolo Industry consultant Paul Hindman called the profit margin news from Mr. Cooper "phenomenal."Read More
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