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HUD Warns Borrowers Against Phone, Email Scams

May 1, 2020
Maria Volkova
The HUD inspector general has outlined “red flags” homeowners should be aware of when considering relief offers related to COVID-19.
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As Warehouse Lending Tightens, FHA Market Looks Dicey

April 17, 2020
Paul Muolo
FHA loans are known as low FICO score products, and that's a problem in this new coronavirus world we live in. Warehouse lenders are lowering the boom.
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Ginnie Moves to Sure-up MBS Servicers, Applause Follows

April 17, 2020
Paul Muolo
Ginnie MBS servicers received a shot in the arm earlier this month thanks to new language in a PTAP facility.
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HUD Allows HECM Lenders Leeway in Filing Documents

April 17, 2020
Maria Volkova
HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery.
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Top-Ranked FHA Lenders Increase Hiring

April 17, 2020
Maria Volkova
A handful of top-ranked FHA lenders have ramped up their hiring in anticipation of processing a boatload of forbearance requests.
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Relief for Borrowers With FHA Multifamily Mortgages

April 17, 2020
Maria Volkova
Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act.
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Around the Industry

April 17, 2020
Maria Volkova
Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.
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HUD Extends Forbearance as Unemployment Rises

April 3, 2020
Maria Volkova
HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies.
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FHA/VA Lenders Raise Credit Score Requirements

April 3, 2020
Maria Volkova
In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s.
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NCLC Urges HUD to do More for Reverse Mortgagors

April 3, 2020
Maria Volkova
The NCLC has urged HUD to extend the moratorium for reverse-mortgage borrowers by another six months.
Read More
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