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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.
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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.
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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.
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Forbearance Rate for FHA/VA Loans Climbs

May 29, 2020
Maria Volkova
As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.
Read More

HUD to Launch E-Delivery Portal ‘FHA Catalyst’

May 29, 2020
Maria Volkova
The platform currently offers two modules, which allow servicers to submit mortgage supplemental claims and case binder documents.
Read More

Refi Wave Carries VA to Record Level in Early 2020

May 15, 2020
John Bancroft
Thanks largely to a revived streamlined-refi program, the VA produced a record $82.6 billion of home loan guaranties in the first quarter, extending its lead over the FHA. (Includes five data charts.)
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Ginnie Mae Mortgages in Forbearance Up At 11%

May 15, 2020
Maria Volkova
Ginnie Mae-insured loans continue to account for the highest percentage of forbearance requests but the relief growth rate is starting to flatten.
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Top FHA/VA Lender Won't be Buying RoundPoint

May 15, 2020
Paul Muolo

Freedom Mortgage's purchase of a competitor has hit the skids. The top-ranked FHA/VA firm announced the deal a year ago.


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Montgomery Confirmed as HUD Deputy Secretary

May 15, 2020
Maria Volkova
Brian Montgomery’s confirmation as HUD deputy secretary paves the way for Dana Wade’s appointment as the next FHA commissioner.
Read More
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