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FHA Lengthens Timeframe for Acceptance of Appraisals

July 14, 2022
Brandon Ivey
FHA has extended appraisal validity periods, in some cases up to a year, to align more closely with standards at the GSEs and VA.
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FHA Expands COVID-Era Loan Eligibility

July 14, 2022
Monica Hogan
The new guidance applies to salaried and hourly wage earners as well as self-employed individuals.
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Grapevine: The Mysteries of Sprout / Better Hires

July 14, 2022
Paul Muolo and Brandon Ivey
There’s not much left at non-agency lender Sprout Mortgage but there are plenty of rumors, none of them good. Meanwhile, mortgage fintech Better.com has been adding senior managers.
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FGMC’s Future? After Ch. 11, a Sale of Its Assets

July 7, 2022
Paul Muolo
It’s not every day that a mortgage company files for bankruptcy protection, especially one owned by PIMCO. As for the future of that mortgage company, FGMC, a sale of its licenses is expected. After that, it’s game over.
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GSEs and FHFA Focusing on Fourth-Party Risk

July 7, 2022
Dennis Hollier
GSE third-party service providers increasingly have their own third parties that could also pose a risk to the enterprises.
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MSRs in the Spotlight as Earnings Season Approaches

July 7, 2022
Paul Muolo
With origination profits remaining depressed, most mortgage shops are tapping MSRs to bolster their quarterly results. As that old saying goes, “If you got ‘em, smoke ‘em.”
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Home Price Appreciation Shows Signs of Easing

July 7, 2022
Dennis Hollier
With mortgage rates approaching 6%, home price appreciation may soon peak.
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Media Campaign a Shot Across the Bow at Chopra

July 7, 2022
Sam Manas
The U.S. Chamber of Commerce said the multi-pronged assault on CFPB Director Rohit Chopra is an attempt to make rulemaking more predictable and halt the surprising actions and aggressive rhetoric.
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Federal Regulators Working on a Handful of Mortgage Revisions

July 7, 2022
Brandon Ivey
Federal regulators have several mortgage-related regulatory revisions in the works, including standards for qualified mortgages and membership at the Federal Home Loan Banks.
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Former Ginnie Presidents Ponder the Past and Present

July 7, 2022
Monica Hogan
Five former Ginnie Mae presidents offered advice to current President Alanna McCargo and her staff at a recent roundtable.
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