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One Year On, Forbearance Decreases Across the Board

April 9, 2021
Maria Volkova
A year into the pandemic, the number of mortgage borrowers in COVID-19-related forbearance continues to decline.
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Mr. Cooper Expects Limited Short Sales, Foreclosures

April 9, 2021
Maria Volkova
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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Flagstar-DOJ Amend Settlement Over False Certifications

April 8, 2021
Maria Volkova
Flagstar Bank has made a final payment of $70 million to the DOJ to settle allegations of faulty underwriting on FHA loans from 2012.
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House Discusses Assistance for First-Generation Homebuyers

March 26, 2021
Maria Volkova
A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.
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CRL Seeks Equitable Distribution of $10B Homeowner Fund

March 26, 2021
Maria Volkova
Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.
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HECM Endorsements Sharply Up in 3Q20

December 23, 2020
Namrata Bhatia
Home Equity Conversion Mortgage production increased 19.6% in the third quarter and a whopping 56.9% through the first nine months of 2020.
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FHA Catalyst Platform Can Now Accept all Digital Claims

December 23, 2020
Maria Volkova
New claim types available: the Claims Without Conveyance of Title and the COVID-19 National Emergency Standalone Partial Claim.
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Around the Industry

December 23, 2020
FHA revises URLA form; MI premium tax deduction extended; CFPB warns about HECM scams.
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DOJ Files Suit Against HECM Lender for Faulty Underwriting

October 2, 2020
Maria Volkova
Nutter Home Loans is accused of trying to bolster reverse mortgage originations by using unqualified underwriters.
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HUD Extends Flexibilities for Employment Re-verification

July 10, 2020
Maria Volkova
Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.
Read More
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