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(Very) Quiet Signs of Life in Ginnie Servicing Sales

September 4, 2020
Paul Muolo

Selling Ginnie Mae servicing rights has been a difficult task the past few months. Signs of life anywhere? It all depends on your definition of the word life.


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Ginnie Mae Loans In Forbearance Inch Back Up

September 4, 2020
Maria Volkova

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.


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CBC Letter Voices Concerns About DPA Program

September 4, 2020
Maria Volkova

According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.


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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.


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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.


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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.


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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.


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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.


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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.
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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.
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