FHA Lending to DACA Recipients Back on Track January 29, 2021 Maria Volkova As of March 31, 2020, there are 643,430 active DACA recipients, who can now receive an FHA-insured mortgage. Read More
Biden White House Names Interim FHA Chief January 21, 2021 Maria Volkova An interim takes over as the head of FHA, which is enjoying strong volumes but high forbearance readings...Read More
Ginnie Loans in Relief Down, But Not Out of the Woods Yet January 15, 2021 Maria Volkova A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector. Read More
HUD OIG Finds Flaws in FHA Endorsements January 15, 2021 Maria Volkova In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.Read More
Three Accused of Submitting False Claims to FHA January 15, 2021 Maria Volkova According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.Read More
Around the Industry January 15, 2021 Maria Volkova Ginnie extends deadline for HECM MBS securitization; FHA updates TOTAL Scorecard; FHA Connection updated.Read More
FHA Commissioner Suggests Spinning Off the Agency December 23, 2020 Maria Volkova FHA Chief Dana Wade believes a foreclosure crisis will not present itself in the near future due to FHA providing “so many” relief options to borrowers. Meanwhile, she suggested the MI be spun off from HUD.Read More
The Ginnie EBO Game Leans Heavily Toward FHA December 23, 2020 Paul Muolo When it comes to early buyouts, most of the action, to date, has centered on FHA product.Read More
Around the Industry December 23, 2020 FHA revises URLA form; MI premium tax deduction extended; CFPB warns about HECM scams.Read More
The HUD Job is Settled. Next Up: Chiefs of FHA and Ginnie December 11, 2020 Paul Muolo The incoming Biden administration has picked a HUD secretary, legislator Marcia Fudge. Next up: the FHA and Ginnie Mae jobs.Read More