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HUD-OIG Finds Servicers’ Forbearance Information Misleading

May 1, 2020
Maria Volkova
Information provided by FHA servicers regarding forbearance options is “inconsistent and dated,” according to the HUD watchdog.
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Requests for Forbearance on Ginnie Loans Swells to 9.73%

May 1, 2020
Maria Volkova
Pandemic-related forbearance requests continued to rise in the week ending April 19, according to the latest MBA tally.
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Guaranteed Rate Will Pay $15M to Settle FCA Claims

May 1, 2020
Maria Volkova
The nation’s 16th largest home lender settled the FHA charges, which included paying unlawful gifts and commissions to underwriters.
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VA Market Performing Well Despite Pandemic

May 1, 2020
Maria Volkova
VA-backed lending remains a silver lining in an otherwise gloomy mortgage market.
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HUD Warns Borrowers Against Phone, Email Scams

May 1, 2020
Maria Volkova
The HUD inspector general has outlined “red flags” homeowners should be aware of when considering relief offers related to COVID-19.
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Ginnie Readies Usage Data on PTAP Liquidity Program

May 1, 2020
Paul Muolo
Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
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As Warehouse Lending Tightens, FHA Market Looks Dicey

April 17, 2020
Paul Muolo
FHA loans are known as low FICO score products, and that's a problem in this new coronavirus world we live in. Warehouse lenders are lowering the boom.
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Ginnie Moves to Sure-up MBS Servicers, Applause Follows

April 17, 2020
Paul Muolo
Ginnie MBS servicers received a shot in the arm earlier this month thanks to new language in a PTAP facility.
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Ginnie Supplies Liquidity by Tweaking Acknowledgement Agreement

April 17, 2020
Paul Muolo
Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow?
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HUD Allows HECM Lenders Leeway in Filing Documents

April 17, 2020
Maria Volkova
HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery.
Read More
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