HUD Explores Expanding CDFI Access to Ginnie Mae August 9, 2022 Monica Hogan The task force is looking at administrative actions it can take to boost CDFI participation in the Ginnie Mae program...Read More
Delinquencies on Ginnie MBS Increase After Long Decline July 25, 2022 Monica Hogan Most of the increase in the Ginnie delinquency rate was on the FHA side.Read More
California Nonbank Settles FHA Fraud Charges July 13, 2022 Monica Hogan The whistleblower will receive $228,172 of the settlement proceeds...Read More
Ginnie Issuance Declines Even as Purchase Mortgages Gain July 12, 2022 Monica Hogan The top-ranked Ginnie MBS issuer in 2Q22 was PennyMac Financial...Read More
Coming Government Rule Changes: A Busy FHA July 11, 2022 Monica Hogan Another possible change: A notice of proposed rulemaking is scheduled in April 2023 to address reductions on servicing costs...Read More
Short Takes: Is Help on the Way? (Lending Margins) / Some Evidence / Expectations of Wells / Staff Reductions, Finding Positions / Lower FHA Premiums? July 11, 2022 Paul Muolo Wells Fargo said roughly 35% of the mortgage workers it cut are "moving into other roles" within the bank...Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Short Takes: A Cut In FHA Premiums? (Again) / The Power of the President / Stocks Ugly, Bonds Pretty / M&A Roundup / Notable New Hires July 5, 2022 Paul Muolo A matter of when on FHA premiums?Read More
Correspondents Gain Share in FHA/VA Market July 1, 2022 Monica Hogan Total FHA/VA lending by the group shrank 21.8% to $78.03 billion.Read More
One MIP Reduction That Gets a Thumbs Up: Green June 30, 2022 Monica Hogan There's been rampant speculation FHA will cut single-family MI premiums soon, possibly right before the mid-term election...Read More
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