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VA Issues Final COVID-19 Partial Claim Program Rule

June 4, 2021
Maria Volkova
The final rule aligns the VA partial claim program with initiatives implemented by the FHA and USDA. The rule goes into effect July 27.
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USDA Allows Refinancing of Loans Post-Moratorium

June 4, 2021
Maria Volkova
The temporary measure allows borrowers to refinance Section 502 and 504 loans if they were, or are, in a COVID-19 forbearance moratorium.
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FHA Clarifies Eligibility for DACA Recipients

June 4, 2021
Maria Volkova
The government MI amended documentation requirements for borrowers with Deferred Action for Childhood Arrivals status.
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Mortgage Help Proposed for Teachers, First Responders

June 4, 2021
Maria Volkova
The bipartisan House bill seeks to give teachers and first responders access to an FHA mortgage without having to make a downpayment.
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Ginnie to Leverage AI for Automation of Manual Tasks

June 4, 2021
Maria Volkova
The government guarantor said AI will soon be embedded more deeply into Ginnie Mae’s processes.
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Senate Panel Sends Todman’s HUD Nomination to the Floor

June 4, 2021
Maria Volkova
No vote has been scheduled yet on her nomination.
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The Guessing Game Continues for FHA and Ginnie Posts

May 21, 2021
Paul Muolo
Ginnie Mae hasn’t had a “confirmed” president since early 2017. Is that about to change?
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FHA Clarifies COVID-Related Loss-Mitigation Options

May 21, 2021
Maria Volkova
Lenders can begin reviewing borrowers for loss-mitigation options at any point prior to completion or expiration of their pandemic-related forbearance period.
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FHA/VA Delinquencies Remain Elevated in 1Q21

May 21, 2021
Maria Volkova
The seriously delinquent rate for FHA and VA loans declined by 47 basis points and 3 bps, respectively, during the first quarter, IFHA found.
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How Does COVID Hold Up to the Great Recession?

May 21, 2021
Maria Volkova
In what may be an apples-to-orange comparison, it looks like the homeowners impacted by the COVID crisis were better off than those impacted during the Great Recession.
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