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Ginnie Mae Kick Starts Digital Mortgage Program

July 24, 2020
Maria Volkova
The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.
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Ginnie Dampens ‘Easy Pickings’ on Buyouts

July 10, 2020
Brandon Ivey and Paul Muolo
Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS.
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HUD Extends Flexibilities for Employment Re-verification

July 10, 2020
Maria Volkova
Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.
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HUD Issues Updates to CWCOT Procedures

July 10, 2020
Maria Volkova
Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.
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VA Loosens Underwriting Policies Amid COVID-19

July 10, 2020
Maria Volkova
For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived.
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FHA/VA Loans in Forbearance Drop

July 10, 2020
Maria Volkova
MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.
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Arch Parent Sells 30-Year Paper, ILN Too

July 10, 2020
Paul Muolo
Now that markets have calmed somewhat, mortgage insurers can issue insurance-linked deals and more. Arch is the first out.
Read More

Seniors Look to HECM as a Means of Securing Capital

July 10, 2020
Maria Volkova
The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent.
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HUD-OIG Warns of Fraud Schemes During COVID-19

July 10, 2020
Maria Volkova
Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.
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COVID-19 Infection at BNYM Delays Ginnie Custodial Transfers

June 26, 2020
Paul Muolo
BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office.
Read More
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