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HUD Extends Flexibilities for Employment Re-verification

July 10, 2020
Maria Volkova
Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.
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HUD Issues Updates to CWCOT Procedures

July 10, 2020
Maria Volkova
Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.
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FHA/VA Loans in Forbearance Drop

July 10, 2020
Maria Volkova
MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.
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Seniors Look to HECM as a Means of Securing Capital

July 10, 2020
Maria Volkova
The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent.
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HUD-OIG Warns of Fraud Schemes During COVID-19

July 10, 2020
Maria Volkova
Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.
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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.
Read More
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