No. 2 FHA Lender Sees Even Better Times in 3Q20 September 4, 2020 Paul Muolo Quicken Loans, a top-ranked FHA and VA lender, had stellar results in 2Q.Read More
Genworth and Oceanwide Merger Back on Track September 4, 2020 Maria Volkova The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.Read More
USDA's Guaranteed Home Loan Volume Up Sharply in 2020 September 4, 2020 Maria Volkova Between October 2019 and July of this year, USDA issued 107,283 guarantees totaling $17.8 billion. Another month remains in the agency's fiscal year.Read More
FHA, VA Extend Eviction and Foreclosure Moratorium September 4, 2020 Maria Volkova The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.Read More
FHA Catalyst Platform to Include Loan Review System September 4, 2020 Maria Volkova Beginning Sept. 14, the FHA Catalyst platform will allow lenders to submit binders for post-endorsement review.Read More
Ginnie Loans in Forbearance Drop, But Wait, There’s More August 21, 2020 Maria Volkova Servicers of Ginnie product are buying delinquent FHA and VA loans out of MBS pools and now the mortgages are showing up in a different forbearance category. Read More
Better Late Than Never: The Freedom-RoundPoint Deal Closes August 21, 2020 Paul Muolo FHA/VA lending giant Freedom Mortgage acquired servicer RoundPoint Mortgage of Charlotte, NC. Both firms are privately held.Read More
Industry Concerned About Proposed Changes to DPA August 21, 2020 Maria Volkova The proposal aims to ensure governmental entities that participate in downpayment assistance programs do not benefit financially.Read More
CHLA Calls for Lower Penalties on Servicers for Missed Deadlines August 21, 2020 Maria Volkova Servicers who fail to meet processing timeframes have to forfeit interest for the entire time it takes to resolve a loan in default.Read More
Industry Urges FHA to Ease Rules for Borrowers with Student Loans August 21, 2020 Maria Volkova The current method for calculating monthly student-loan payments results in artificially inflated debt-to-income ratios.Read More