FHA Loosens Requirements for Borrowers with Student Loans June 21, 2021 The Community Home Lenders Association: “This is a boon to younger families and individuals saddled with student loan debt that want to buy a home.”Read More
Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage June 18, 2021 Paul Muolo Ocwen has its check book out. Who's next on its buying ist?Read More
HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP? June 17, 2021 Paul Muolo HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...Read More
Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
Denial Rates for FHA Loans Highest Among All Loan Types June 9, 2021 Lisa Burden Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.Read More
Ginnie Mae Market Sags in May as Refinance Drops Sharply June 8, 2021 John Bancroft A slowdown in refinance activity was responsible for the May swoon.Read More
VA Issues Final COVID-19 Partial Claim Program Rule June 8, 2021 Maria Volkova The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.Read More
Agency Single-Family Business Tumbles in May June 4, 2021 John Bancroft With mortgage rates climbing for most of the year, a pullback in refinance activity was expected.Read More
CFPB Sees Stark Differences in the Manufactured Home Lending Market May 28, 2021 Lisa Burden Refinances are a rarity among manufactured housing loans, according to the study.Read More
FHA Clarifies COVID-Related Loss-Mitigation Options; Exams Ahead? May 25, 2021 Maria Volkova FHA is dedicating resources to servicing oversight and enforcement in the COVID and post-COVID era. In sum, servicers should expect lending monitoring exams to be scheduled in the coming months. Read More
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