The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.

The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.

Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ.

Thanks to high forbearance readings and escalating delinquencies, Wells Fargo is once again playing the Ginnie buyout game. It’s not alone.

The number of loans in Ginnie MBS that had COVID forbearance fell 6% from July to August, although a growing share of the loans fell into the seriously delinquent category. (Includes two data charts.)

According to FHA Neighborhood Watch, serious delinquencies have increased from 10.4% to 11.2%.

Nutter Home Loans is accused of trying to bolster reverse mortgage originations by using unqualified underwriters.

The outlook for HECM lending remains positive as rates remain low and seniors move to tap home equity during these troubled economic times. (Includes data chart.)

Under the new policy, borrowers must have made at least three consecutive monthly payments post forbearance in order to refinance, down from the standard six-month requirement.

Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.