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Loans in Forbearance Decline for Seventh Straight Week

April 23, 2021
Maria Volkova
According to Black Knight, 435,000 loans in COVID-19 forbearance will expire in May and a whopping 890,000 in June.
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Effectual Wins $140M Cloud Services Contract with Ginnie

April 23, 2021
Maria Volkova
The New Jersey-based company will help modernize Ginnie Mae’s platform to provide enhanced security, monitoring and service delivery across its entire application portfolio.
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Industry Weighs In on FHA Holding Back MIP Cut

April 9, 2021
Maria Volkova
Most industry watchers expect the FHA to lower insurance premiums some-time during Biden’s presidency. It’s just a matter of when.
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Former HUD Director Settles Conflict of Interest Claim

April 9, 2021
Maria Volkova
A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD.
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Genworth Throws in the Towel on Oceanwide Merger

April 9, 2021
Maria Volkova
With its acquisition by China’s Oceanwide falling apart, the private mortgage insurer will now play the IPO field.
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One Year On, Forbearance Decreases Across the Board

April 9, 2021
Maria Volkova
A year into the pandemic, the number of mortgage borrowers in COVID-19-related forbearance continues to decline.
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Biden’s Infrastructure Plan to Boost Lackluster Housing Supply

April 9, 2021
Maria Volkova
The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.
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Mr. Cooper Expects Limited Short Sales, Foreclosures

April 9, 2021
Maria Volkova
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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Flagstar-DOJ Amend Settlement Over False Certifications

April 8, 2021
Maria Volkova
Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012.
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Secretary Fudge Wants $100 Billion More for HUD

March 26, 2021
Maria Volkova
Marcia Fudge invites political controversy during her first White House briefing as HUD secretary.
Read More
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