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Genworth Throws in the Towel on Oceanwide Merger

April 9, 2021
Maria Volkova
With its acquisition by China’s Oceanwide falling apart, the private mortgage insurer will now play the IPO field.
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One Year On, Forbearance Decreases Across the Board

April 9, 2021
Maria Volkova
A year into the pandemic, the number of mortgage borrowers in COVID-19-related forbearance continues to decline.
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Biden’s Infrastructure Plan to Boost Lackluster Housing Supply

April 9, 2021
Maria Volkova
The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.
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Mr. Cooper Expects Limited Short Sales, Foreclosures

April 9, 2021
Maria Volkova
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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Flagstar-DOJ Amend Settlement Over False Certifications

April 8, 2021
Maria Volkova
Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012.
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Secretary Fudge Wants $100 Billion More for HUD

March 26, 2021
Maria Volkova
Marcia Fudge invites political controversy during her first White House briefing as HUD secretary.
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More Declines in Forbearance Likely as Economy Rebounds

March 26, 2021
Maria Volkova
The number of active plans in forbearance declined by 135,000 over the last month, according to Black Knight.
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House Discusses Assistance for First-Generation Homebuyers

March 26, 2021
Maria Volkova
A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.
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CRL Seeks Equitable Distribution of $10B Homeowner Fund

March 26, 2021
Maria Volkova
Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.
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HECM Lending Falls in 4Q20, But Sharply Up for the Year

March 26, 2021
Maria Volkova
Reverse mortgage production declined 8.1% in the fourth quarter. However, endorsements spiked 54.5% year over year. (Includes two data charts.)
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