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(Very) Quiet Signs of Life in Ginnie Servicing Sales

September 4, 2020
Paul Muolo

Selling Ginnie Mae servicing rights has been a difficult task the past few months. Signs of life anywhere? It all depends on your definition of the word life.


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Ginnie Mae Loans In Forbearance Inch Back Up

September 4, 2020
Maria Volkova

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.


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FHA, VA Extend Eviction and Foreclosure Moratorium

September 4, 2020
Maria Volkova

The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.


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FHA Catalyst Platform to Include Loan Review System

September 4, 2020
Maria Volkova

Beginning Sept. 14, the FHA Catalyst platform will allow lenders to submit binders for post-endorsement review.


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Ginnie Loans in Forbearance Drop, But Wait, There’s More

August 21, 2020
Maria Volkova
Servicers of Ginnie product are buying delinquent FHA and VA loans out of MBS pools and now the mortgages are showing up in a different forbearance category.
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Better Late Than Never: The Freedom-RoundPoint Deal Closes

August 21, 2020
Paul Muolo
FHA/VA lending giant Freedom Mortgage acquired servicer RoundPoint Mortgage of Charlotte, NC. Both firms are privately held.
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CHLA Calls for Lower Penalties on Servicers for Missed Deadlines

August 21, 2020
Maria Volkova
Servicers who fail to meet processing timeframes have to forfeit interest for the entire time it takes to resolve a loan in default.
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Industry Urges FHA to Ease Rules for Borrowers with Student Loans

August 21, 2020
Maria Volkova
The current method for calculating monthly student-loan payments results in artificially inflated debt-to-income ratios.
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FHA Extends Deadline for Filing Claims on Title I Loans

August 21, 2020
Maria Volkova
The extension applies to loans that were current or less than 30 days past due as of March 1 and go into default before Nov. 30.
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FHA Launches Electronic Appraisal Delivery Module

August 21, 2020
Maria Volkova
Beginning Sept. 1, FHA lenders can submit appraisal reports and updates for FHA Single-Family Title II forward mortgages on the platform.
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