Mortgage trade groups called on the FHA to align its policy language with other federal regulations that govern private flood coverage.

According to Black Knight, an uptick in forbearance requests has pushed the total number of borrowers in relief back above the 2.7 million mark.

Susquehanna International Group dismissed the private MI industry’s concerns over a potential FHA cut as “unwarranted” and not aligned “with the underlying math.”

The U.S. District Court of Chicago indicted four individuals for participating in a fraud scheme to obtain mortgage loans totaling at least $3 million.

Industry watchers predict FHA premiums will be cut by 25 basis points in the coming weeks. An even bigger cut is possible later in the year.

The forbearance reading for portfolio loans and private label securities worsened, increasing by 26 basis points to 8.94% as of Jan. 17.

The ban on evictions and foreclosures has been extended through March 31.

As of March 31, 2020, there are 643,430 active DACA recipients, who can now receive an FHA-insured mortgage.

A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector.