HECM Lender’s Motion to Dismiss Fraud Case Rejected July 2, 2021 Maria Volkova The upshot: The DOJ can proceed with its lawsuit against Nutter Home Loans for faulty underwriting.Read More
FHA Announces Changes to COVID-Related Policies July 2, 2021 Maria Volkova Self-employment and rental income policies extended until Sept. 30.Read More
Biden Takes Aim at Home Appraisal Disparity June 4, 2021 Maria Volkova Commemorating the 100th anniversary of the Tulsa Race Massacre, the White House announced the creation of a task force led by the housing secretary to root out discrimination in the appraisal and homebuying process.Read More
VA Issues Final COVID-19 Partial Claim Program Rule June 4, 2021 Maria Volkova The final rule aligns the VA partial claim program with initiatives implemented by the FHA and USDA. The rule goes into effect July 27.Read More
USDA Allows Refinancing of Loans Post-Moratorium June 4, 2021 Maria Volkova The temporary measure allows borrowers to refinance Section 502 and 504 loans if they were, or are, in a COVID-19 forbearance moratorium.Read More
FHA Clarifies Eligibility for DACA Recipients June 4, 2021 Maria Volkova The government MI amended documentation requirements for borrowers with Deferred Action for Childhood Arrivals status.Read More
Mortgage Help Proposed for Teachers, First Responders June 4, 2021 Maria Volkova The bipartisan House bill seeks to give teachers and first responders access to an FHA mortgage without having to make a downpayment.Read More
Ginnie to Leverage AI for Automation of Manual Tasks June 4, 2021 Maria Volkova The government guarantor said AI will soon be embedded more deeply into Ginnie Mae’s processes.Read More
Senate Panel Sends Todman’s HUD Nomination to the Floor June 4, 2021 Maria Volkova No vote has been scheduled yet on her nomination.Read More
The Guessing Game Continues for FHA and Ginnie Posts May 21, 2021 Paul Muolo Ginnie Mae hasn’t had a “confirmed” president since early 2017. Is that about to change?Read More