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Borrower Pleads Guilty to FHA Loan Application Fraud

March 18, 2022
Monica Hogan
A North Providence, RI, woman has pleaded guilty to providing false information to a mortgage lender when applying for an FHA mortgage.
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Around the Industry

March 18, 2022
Monica Hogan
FHA enhances e-submission of flood insurance data; USDA seeking deferral-assistance applications; HUD introduces new HECM client budget tool; NRMLA to host webinar on best practices; MISMO seeks comments on new MI activation API; FHA introduces Spanish language training.
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Reverse Mortgage Industry Foresees Growth

March 4, 2022
Monica Hogan
Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
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VA Lender: Cash-Out Refis on the Rise

March 4, 2022
Monica Hogan
Veterans still recovering from the financial impact of the pandemic are tapping into home equity, according to ClearPath Lending officials.
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FHA Updates Servicers on HAF Program

March 4, 2022
Monica Hogan
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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RHS Adopts Multifamily Rental Assistance Program

March 4, 2022
Monica Hogan
The Rural Housing Service finalized rules overseeing a rental assistance program, as well as a new fee structure, for its multi-family housing direct loans and grants programs.
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New FHA Portal Gives Real-Time Loan Payoff Info

March 4, 2022
Monica Hogan
FHA has introduced a new self-service portal, dubbed the SMART Integrated Portal, to make it easier for borrowers to get payoff information on their loans.
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Around the Industry

March 4, 2022
Monica Hogan
VA extends forbearance; FHA-insured loan for affordable multifamily housing closes; Ginnie Mae to host listening session; Farmer Mac posts strong results.
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Private Mortgage Insurers Eye First-Time Homebuyers

February 18, 2022
Monica Hogan
Growth in the private-mortgage insurance sector is expected to slow somewhat in 2022.
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FHA Risks Losing Business Over Life-of-Loan Policies

February 18, 2022
Monica Hogan
Home lenders have a keen opportunity to target FHA borrowers for conventional refis, according to one vendor pitching its wares.
Read More
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