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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.
Read More

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.
Read More

Around the Industry

December 23, 2020
FHA revises URLA form; MI premium tax deduction extended; CFPB warns about HECM scams.
Read More

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.
Read More

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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