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
Mayor Pete for HUD Secretary? Ginnie Chief Departs November 13, 2020 Paul Muolo A new president in the White House means a changing of the guard at HUD, FHA and Ginnie. The candidates are... Read More
Will the Disparate-Impact Rule Die a Quiet Death? November 13, 2020 Maria Volkova Will President-elect Joe Biden live up to his election promise and gut a lender-friendly disparate-impact rule?Read More
FHA Proposes Private Flood Insurance for SF Mortgages November 13, 2020 Maria Volkova The proposed rule would allow homeowners in special flood hazard areas to comparison shop for loss coverage.Read More
HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
CFPB Continues Crackdown on False Ads to Veterans October 30, 2020 Maria Volkova In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.Read More
New BIA Requirement Pauses Lending on Tribal Trust Lands October 30, 2020 Maria Volkova The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.Read More
Servicers’ Forbearance Information Still Misleading October 16, 2020 Maria Volkova Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist. Read More
Waters Urges HUD to Rescind Final Disparate-Impact Rule October 2, 2020 Maria Volkova The final version of the disparate-impact rule shifts the burden of proof to show housing discrimination from lenders onto borrowers. 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
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