Industry Opposes HUD Notices on Convenience Fees December 20, 2024 Monica Hogan Mortgage lenders are pushing back on enforcement actions against servicer convenience fees for optional expedited payment services.Read More
FHA Proposes Early T&I Reimbursement for Loans in Default December 20, 2024 Monica Hogan The proposal is meant to address liquidity challenges servicers face from tax and insurance advances in an elevated interest rate environment.Read More
FHA Makes Single-Family Loan Sale Program Permanent December 20, 2024 Monica Hogan The SFLS program is intended to yield a recovery to the MMIF that meets or exceeds the recovery obtained from a foreclosure-based claim.Read More
MBA Proposes Ginnie EBO Securitization Program December 20, 2024 Monica Hogan The Mortgage Bankers Association called on Ginnie Mae to create a new securitization program for early-buyout loans.Read More
MBA Urges Balance on FHA Rental Income Proposal December 20, 2024 Monica Hogan The trade group wants clarification on FHA’s plan to allow rental income from boarders in a primary residence to inform underwriting.Read More
Around the Industry December 20, 2024 Monica Hogan Industry braces for shutdown; CHLA wants FHA, Ginnie budgets increased.Read More
Mortgage Industry Supports Trump’s Pick to Lead HUD December 6, 2024 Monica Hogan Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.Read More
House Passes Bill That Would Extend VA Loan Fee Increases December 6, 2024 Monica Hogan The Community Home Lenders of America warned that Congress shouldn’t use federal housing programs to pay for legislation.Read More
Ginnie Issuers Get Final Term Sheet for HMBS 2.0 December 6, 2024 Monica Hogan The term sheet for Ginnie’s home equity conversion mortgage MBS 2.0 program is largely unchanged from the draft proposed earlier this year.Read More
FHA Plans to Test e-Delivery of Partial Claim Documents December 6, 2024 Monica Hogan The pilot seeks to demonstrate how HUD could reduce the costs associated with delivering and retaining original partial claim documents.Read More