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HUD’s Carson Reassures on Rising FHA Delinquencies

October 30, 2020
Maria Volkova
The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results.
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Large Government Lender Caliber Home Delays IPO

October 30, 2020
Paul Muolo
Without much warning or explanation, top-ranked FHA/VA originator Caliber has scuttled its IPO, at least for now.
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Still There but Not in Use Very Much: Ginnie PTAP

October 30, 2020
Paul Muolo
If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign?
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FHA Extends Timeframe for Initial Forbearance Request

October 30, 2020
Maria Volkova
The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.
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CFPB Continues Crackdown on False Ads to Veterans

October 30, 2020
Maria Volkova
In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.
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New BIA Requirement Pauses Lending on Tribal Trust Lands

October 30, 2020
Maria Volkova
The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.
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Top FHA Lender Freedom Likely to Stay Private

October 16, 2020
Paul Muolo
Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ.
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Wells Fargo Makes Big Bet on Ginnie EBOs. Others?

October 16, 2020
Paul Muolo
Thanks to high forbearance readings and escalating delinquencies, Wells Fargo is once again playing the Ginnie buyout game. It’s not alone.
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HUD OIG Says Carson Didn’t Use Agency to Help Son

October 16, 2020
Maria Volkova
According to HUD’s internal watchdog, Benjamin Carson Jr.’s emails and business records show that he did not secure a direct financial benefit in his involvement with a HUD listening tour.
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Servicers’ Forbearance Information Still Misleading

October 16, 2020
Maria Volkova
Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist.
Read More
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