Biden Taps Former Obama Chief of Staff to Head VA December 11, 2020 Dennis Hollier McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.Read More
FHA Delinquency Rate Rises Sharply December 11, 2020 The delinquency rate rose 54.9 basis points month-on-month to 18.33% in October. (Includes data chart.)Read More
Millennial Homebuying Flies In the Face of Convention December 11, 2020 Dennis Hollier Nearly 93% of all the FHA loans to millennials that closed in October were for home purchases.Read More
The FHA MMIF Posts Solid Capital Ratio of 6.10% November 13, 2020 Paul Muolo and Maria Volkova FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)Read More
Hope Springs Eternal on Ginnie Bulk Deals November 13, 2020 The Ginnie Mae bulk MSR market has been parched since the pandemic started. Is a recovery finally in the wind? Read More
Rising Once Again: Ginnie Mae EBOs November 13, 2020 Paul Muolo More issuers are stepping up their game in buyouts of delinquent loans from Ginnie pools. Nonbanks especially. (Includes data chart.)Read More
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.Read More
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? Read More
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. Read More
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.Read More
RSS