HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
After a Strong Start Earlier in the Year, HECM Lending Faces a Correction December 28, 2022 Monica Hogan The top three HECM lenders through the first nine months of 2022: American Advisors Group, Mutual of Omaha Mortgage and Finance of America...Read More
Now-Defunct HECM Lender RMF Ranks Fourth Overall December 27, 2022 Paul Muolo The most significant Ginnie-related collapse since TB&W?Read More
A Sea Change: FHA Clears the Way for Dual Roles on the Same Loan. RESPA? December 22, 2022 Monica Hogan However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...Read More
Short Takes: Fitch on Finance of America / A Look at the Deal / Investing in the Future of FoA? / #1 in a Small Niche / Of Rate Hikes and Popularity December 15, 2022 Paul Muolo Earlier this month, FoA announced it would acquire the majority of AAG’s assets, largely residential reverse mortgages and servicing rights...Read More
Ginnie Issuance Off Again in November, Freedom’s Activity Plunges 59% December 14, 2022 Monica Hogan and Paul Muolo Planet Home Lending issued $1.9 billion in Ginnies, ranking fourth overall...Read More
SitusAMC Vice Chairman Set to Retire at Yearend December 13, 2022 Paul Muolo Cronin served for 16 years on the board of the Mortgage Bankers Association.Read More
Worried About VA Churn, Ginnie Makes Some Recommendations December 13, 2022 Monica Hogan To combat such “churn,” the agency is now advocating changes, including the establishment of a formal Ginnie/VA working group...Read More
The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender December 7, 2022 Paul Muolo The seller is Reza Jahangiri, who founded the company in 2004.Read More
CHLA Asks FHA, FHFA to Intervene on Costs of Credit Reports December 1, 2022 Monica Hogan Trade group President Taylor Stork said the reasoning behind the price increases have been shrouded in secrecy...Read More
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