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Lying in Wait: FHA’s Forbearance Policy for Loans in Progress

May 15, 2020
Paul Muolo

How to pay for the risk of backing FHA loans in progress where forbearance has been invoked? The industry is still waiting for answers.


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Ginnie Mae Mortgages in Forbearance Up At 11%

May 15, 2020
Maria Volkova
Ginnie Mae-insured loans continue to account for the highest percentage of forbearance requests but the relief growth rate is starting to flatten.
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Top FHA/VA Lender Won't be Buying RoundPoint

May 15, 2020
Paul Muolo

Freedom Mortgage's purchase of a competitor has hit the skids. The top-ranked FHA/VA firm announced the deal a year ago.


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Montgomery Confirmed as HUD Deputy Secretary

May 15, 2020
Maria Volkova
Brian Montgomery’s confirmation as HUD deputy secretary paves the way for Dana Wade’s appointment as the next FHA commissioner.
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FHA Extends Foreclosure and Eviction Moratorium

May 15, 2020
Maria Volkova
FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.
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MBA Seeks Clarification on FHA COVID-19 Partial Claim

May 15, 2020
Maria Volkova
The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
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Agencies Launch Website With COVID-19 Guidance

May 15, 2020
Maria Volkova
HUD, the CFPB and the FHFA launched a joint website to provide COVID-19-related information to borrowers.
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Coming Soon: LLPAs on FHA Loans in Forbearance

May 1, 2020
Paul Muolo
FHA’s pricing grid on COVID-19 loans in forbearance is said to be “at legal” and could see the light of day by the end of next week.
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NAR Urges FHA Not to Hike Mortgage Insurance Premiums

May 1, 2020
Maria Volkova
The powerful trade group urged FHA not to increase insurance premiums in order to address risks related to COVID-19 forbearance.
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HUD-OIG Finds Servicers’ Forbearance Information Misleading

May 1, 2020
Maria Volkova
Information provided by FHA servicers regarding forbearance options is “inconsistent and dated,” according to the HUD watchdog.
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