Hope Springs Eternal on Ginnie Bulk Deals November 13, 2020 The Ginnie Mae bulk MSR market has been parched since the pandemic started. Is a recovery finally in the wind? Read More
Seriously Delinquent FHA/VA Loans Spike in Third Quarter November 13, 2020 Maria Volkova FHA delinquency rates went down 6 basis points to 15.59%, a Mortgage Bankers Association survey found. Though worth noting: FHA loans in the seriously delinquent category (90-days past due) reached a survey-high of 10.76%.Read More
Rising Once Again: Ginnie Mae EBOs November 13, 2020 Paul Muolo More issuers are stepping up their game in buyouts of delinquent loans from Ginnie pools. Nonbanks especially. (Includes data chart.)Read More
Mayor Pete for HUD Secretary? Ginnie Chief Departs November 13, 2020 Paul Muolo A new president in the White House means a changing of the guard at HUD, FHA and Ginnie. The candidates are... Read More
Will the Disparate-Impact Rule Die a Quiet Death? November 13, 2020 Maria Volkova Will President-elect Joe Biden live up to his election promise and gut a lender-friendly disparate-impact rule?Read More
FHA Proposes Private Flood Insurance for SF Mortgages November 13, 2020 Maria Volkova The proposed rule would allow homeowners in special flood hazard areas to comparison shop for loss coverage.Read More
Will ‘Dreamers’ Qualify for FHA Loans Under Biden? November 13, 2020 Maria Volkova Under the Trump administration, many lenders received letters from HUD stipulating that DACA recipients are not eligible for FHA loans.Read More
Climate Change Looms Over Government-Insured Servicing November 13, 2020 Maria Volkova Natural disasters will continue to pose a heightened risk for servicers of Ginnie Mae loans, Mayer Brown said in a report.Read More
HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
Large Government Lender Caliber Home Delays IPO October 30, 2020 Paul Muolo Without much warning or explanation, top-ranked FHA/VA originator Caliber has scuttled its IPO, at least for now.Read More