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
Lenders, Analysts Remain Nervous About Ginnie's Eligibility Rules November 28, 2022 John Bancroft The most controversial part of the scheme: a 250% risk weight on agency MSRs...Read More
FHA Now Accepting Private Flood Insurance Policies. Meaning? November 22, 2022 Paul Muolo The big question: Will private sector flood premiums be able to compete with the NFIP?Read More
In October, Ginnie Issuance Takes a Tumble November 14, 2022 Monica Hogan The nation’s top three issuers in October: PennyMac Financial, United Wholesale Mortgage and Freedom Mortgage.Read More
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