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. Read More
Mortgages in COVID-19 Forbearance Declining June 26, 2020 Maria Volkova Meanwhile, delinquency rates are noticeably rising, according to Black Knight.Read More
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.Read More
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.Read More
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.Read More
Private MI Firms Essent, NMI on a Capital-Raising Spree June 12, 2020 Paul Muolo and Maria Volkova FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.Read More
HUD-IG Says Telework Had Little Impact on Operations June 12, 2020 Maria Volkova HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions. Read More
FHA/VA Mortgages in Forbearance Leveling Off June 12, 2020 Maria Volkova Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?Read More
New Digital Lender Plans to Offer FHA/VA Loans June 12, 2020 Maria Volkova Beeline plans to offer FHA loans by 3Q and VA loans next year.Read More
Seniors Move to Tap Equity as Pandemic Spreads May 29, 2020 Yemeng Yang Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.Read More
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