Ginnie Loans in Forbearance Decline but PLS Reading Up January 29, 2021 Maria Volkova The forbearance reading for portfolio loans and private label securities worsened, increasing by 26 basis points to 8.94% as of Jan. 17.Read More
Biden Administration Extends Foreclosure and Eviction Moratoriums January 29, 2021 Maria Volkova The ban on evictions and foreclosures has been extended through March 31.Read More
FHA Lending to DACA Recipients Back on Track January 29, 2021 Maria Volkova As of March 31, 2020, there are 643,430 active DACA recipients, who can now receive an FHA-insured mortgage. Read More
Plaintiffs Appeal Summary Judgment in Favor of MIC January 29, 2021 Maria Volkova Two brokers-turned-whistleblowers appealed a summary judgment granted in favor of Mortgage Investors Corp. in an IRRRL-related lawsuit. Read More
Biden White House Names Interim FHA Chief January 21, 2021 Maria Volkova An interim takes over as the head of FHA, which is enjoying strong volumes but high forbearance readings...Read More
Another Large FHA/VA Lender Reveals IPO January 15, 2021 Paul Muolo Michigan-based lender Home Point is joining the stampede into public ownership.Read More
Ginnie Loans in Relief Down, But Not Out of the Woods Yet January 15, 2021 Maria Volkova A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector. Read More
Ginnie’s PTAP Program to Sunset (No One Knows When) January 15, 2021 Maria Volkova Pass-Through Assistance Program advances outstanding were a mere $320,456 as of Jan. 4.Read More
HUD OIG Finds Flaws in FHA Endorsements January 15, 2021 Maria Volkova In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.Read More
Three Accused of Submitting False Claims to FHA January 15, 2021 Maria Volkova According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.Read More
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