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Home » Topics » Inside FHA/VA Lending » Legislation & Regulation

Legislation & Regulation
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Lying in Wait: FHA’s Forbearance Policy for Loans in Progress

May 15, 2020
Paul Muolo

How to pay for the risk of backing FHA loans in progress where forbearance has been invoked? The industry is still waiting for answers.


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FHA Extends Foreclosure and Eviction Moratorium

May 15, 2020
Maria Volkova
FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.
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MBA Seeks Clarification on FHA COVID-19 Partial Claim

May 15, 2020
Maria Volkova
The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
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Agencies Launch Website With COVID-19 Guidance

May 15, 2020
Maria Volkova
HUD, the CFPB and the FHFA launched a joint website to provide COVID-19-related information to borrowers.
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HUD Warns Borrowers Against Phone, Email Scams

May 1, 2020
Maria Volkova
The HUD inspector general has outlined “red flags” homeowners should be aware of when considering relief offers related to COVID-19.
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Ginnie Readies Usage Data on PTAP Liquidity Program

May 1, 2020
Paul Muolo
Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
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Ginnie Supplies Liquidity by Tweaking Acknowledgement Agreement

April 17, 2020
Paul Muolo
Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow?
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Ginnie Tries to Reassure Investors About Nonbank Liquidity

April 3, 2020
Paul Muolo
Ginnie and FHA are working with Treasury and the Fed to allay fears about nonbank liquidity as COVID-19 lays fallow the U.S. economy.
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HUD Extends Forbearance as Unemployment Rises

April 3, 2020
Maria Volkova
HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies.
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Ginnie Mae Waives In-Person Signatures for Certain Documents

April 3, 2020
Maria Volkova
In response to the coronavirus outbreak, Ginnie is allowing lenders and issuers to execute certain forms using an electronic signature.
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