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Plaintiffs Appeal Summary Judgment in Favor of MIC

January 29, 2021
Maria Volkova
Two brokers-turned-whistleblowers appealed a summary judgment granted in favor of Mortgage Investors Corp. in an IRRRL-related lawsuit.
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Biden White House Names Interim FHA Chief

January 21, 2021
Maria Volkova

An interim takes over as the head of FHA, which is enjoying strong volumes but high forbearance readings...


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Another Large FHA/VA Lender Reveals IPO

January 15, 2021
Paul Muolo
Michigan-based lender Home Point is joining the stampede into public ownership.
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Ginnie Loans in Relief Down, But Not Out of the Woods Yet

January 15, 2021
Maria Volkova
A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector.
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Ginnie’s PTAP Program to Sunset (No One Knows When)

January 15, 2021
Maria Volkova
Pass-Through Assistance Program advances outstanding were a mere $320,456 as of Jan. 4.
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HUD OIG Finds Flaws in FHA Endorsements

January 15, 2021
Maria Volkova
In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.
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Three Accused of Submitting False Claims to FHA

January 15, 2021
Maria Volkova
According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.
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Industry Pushes for Renter, Landlord Relief Disbursement

January 15, 2021
Maria Volkova
Trade groups called for quick disbursement of money allocated for renters and housing from the recently passed COVID-19 relief package.
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Around the Industry

January 15, 2021
Maria Volkova
Ginnie extends deadline for HECM MBS securitization; FHA updates TOTAL Scorecard; FHA Connection updated.
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FHA/VA Giant UWM Set to ‘Go’ Public via SPAC

December 23, 2020
Paul Muolo
United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.
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