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HUD Allows HECM Lenders Leeway in Filing Documents

April 17, 2020
Maria Volkova
HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery.
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Top-Ranked FHA Lenders Increase Hiring

April 17, 2020
Maria Volkova
A handful of top-ranked FHA lenders have ramped up their hiring in anticipation of processing a boatload of forbearance requests.
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Relief for Borrowers With FHA Multifamily Mortgages

April 17, 2020
Maria Volkova
Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act.
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Around the Industry

April 17, 2020
Maria Volkova
Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.
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Ginnie Tries to Reassure Investors About Nonbank Liquidity

April 3, 2020
Paul Muolo
Ginnie and FHA are working with Treasury and the Fed to allay fears about nonbank liquidity as COVID-19 lays fallow the U.S. economy.
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Ginnie Bulk Market Dead, MSR ‘Marks’ Will Be Brutal

April 3, 2020
Paul Muolo
There’s currently no bid for Ginnie Mae servicing rights and investment bankers are advising their clients to sit tight and ride it out.
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HUD Extends Forbearance as Unemployment Rises

April 3, 2020
Maria Volkova
HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies.
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FHA/VA Lenders Raise Credit Score Requirements

April 3, 2020
Maria Volkova
In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s.
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VA Guidance for Lenders in Response to COVID-19

April 3, 2020
Maria Volkova
The VA has released two notices outlining how lenders should address borrowers affected by COVID-19.
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Freedom, a Top Ginnie Issuer, Has Its Debt Put on ‘Negative Watch’

April 3, 2020
Paul Muolo
Freedom Mortgage, a key originator of FHA and VA loans, recently had its debt downgraded. Of course, it’s hardly alone on that score.
Read More
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