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NewDay Lowers FICO Minimums to 680

June 12, 2020
Maria Volkova
The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.
Read More

Private MI Firms Essent, NMI on a Capital-Raising Spree

June 12, 2020
Maria Volkova and Paul Muolo
FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.
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Impac Returns with a Renewed Focus on FHA, More

June 12, 2020
Paul Muolo
The struggling lender has kick-started its operation, including a menu of FHA loans.
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HUD-IG Says Telework Had Little Impact on Operations

June 12, 2020
Maria Volkova
HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions.
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FHA/VA Mortgages in Forbearance Leveling Off

June 12, 2020
Maria Volkova
Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?
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Top-Ranked FHA Lender Posts Stunning Gain-On-Sale

May 29, 2020
Paul Muolo
Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper.
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FHA Finalizing Forbearance Policy for Loans in Progress

May 29, 2020
Paul Muolo
FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.
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MBA Pushes for Stern FHA, GSE Forbearance Language

May 29, 2020
Paul Muolo
Legislation has been introduced in Congress to force FHA’s hand on forbearance. But will it go anywhere?
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Seniors Move to Tap Equity as Pandemic Spreads

May 29, 2020
Yemeng Yang
Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.
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Forbearance Rate for FHA/VA Loans Climbs

May 29, 2020
Maria Volkova
As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.
Read More
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