Brian Montgomery, former HUD deputy secretary, urged the Biden administration to focus on issues such as forbearance. A pandemic is not the time for “heavy-handed enforcement,” he said.

Two bills introduced in the House this week have the potential of increasing a homebuyer’s access to an FHA-insured mortgage.

The new timeline moves the moratorium’s expiration deadline, as well as the timeframe for a borrower to request an initial COVID-19 forbearance by three months to June 30.

The profit gods were kind to FHA/VA lender Quicken Loans and its parent company. Can the good times last?

Ginnie Mae MBS at the end of 2020 included $773.5 billion of VA loans, a 9.5% increase from the previous year, while the FHA sector posted a 4.2% decline over that period. (Includes four data charts.)

The forbearance reading for portfolio loans and private label securities worsened, increasing by 26 basis points to 8.94% as of Jan. 17.

The ban on evictions and foreclosures has been extended through March 31.

Michigan-based lender Home Point is joining the stampede into public ownership.

In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.

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.