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Ginnie Business Slips Again in June

July 6, 2020
John Bancroft

After a record month of Ginnie MBS issuance in April, volume declined in May and June.


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HECM Production Spikes in 1Q But Sees a Sharp Drop in April

June 26, 2020
Namrata Bhatia
Reverse mortgage lenders pumped out $3.87 billion in the first three months of 2020. But originations took a big step back in April due to COVID-19. (Includes two data charts.)
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FHA Issues Quality Control Waivers During Pandemic

June 26, 2020
Maria Volkova
Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.
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HUD IG Asked to Probe Rule Change for DACA Recipients

June 26, 2020
Maria Volkova
HUD Secretary Ben Carson is sticking to his stance that DACA recipients are not barred from FHA loans.
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Waters Proposes Alternatives to FHA, GSE Forbearance Fees

June 26, 2020
Paul Muolo
HFSC Chair Maxine Waters rebuked FHA and FHFA for policies she said would unfairly penalize those lending to minority borrowers.
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HUD-IG Criticizes Reporting Policies Under FHA-HAMP

June 26, 2020
Maria Volkova
FHA policies on reporting of loan mods and for filing partial claims under HAMP were void of deadlines, the HUD-IG told Congress.
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Mortgages in COVID-19 Forbearance Declining

June 26, 2020
Maria Volkova
Meanwhile, delinquency rates are noticeably rising, according to Black Knight.
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HUD Considering Options to Increase Minority Homeownership

June 26, 2020
Maria Volkova
In a bid to make credit more accessible to minorities, HUD is considering alternative, non-traditional credit scoring methods.
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Second-Ranked FHA Lender Quicken Contemplates IPO

June 12, 2020
Paul Muolo
Quicken Loans, the largest home lender in the nation, has yet to publicly file an S-1 statement with the SEC.
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Industry Urges FHA to Reverse Forbearance Policy

June 12, 2020
Maria Volkova
Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.
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