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.Read More
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.Read More
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
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
VA Lenders Lower Minimum FICO Score Requirements June 26, 2020 Maria Volkova Lenders are now starting to ease minimum FICO requirements for VA mortgages. 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
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
NewDay Lowers FICO Minimums to 680 June 12, 2020 Maria Volkova The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.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
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