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FHA Extends Foreclosure and Eviction Moratorium

May 15, 2020
Maria Volkova
FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.
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MBA Seeks Clarification on FHA COVID-19 Partial Claim

May 15, 2020
Maria Volkova
The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
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Agencies Launch Website With COVID-19 Guidance

May 15, 2020
Maria Volkova
HUD, the CFPB and the FHFA launched a joint website to provide COVID-19-related information to borrowers.
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HUD-OIG Finds Servicers’ Forbearance Information Misleading

May 1, 2020
Maria Volkova
Information provided by FHA servicers regarding forbearance options is “inconsistent and dated,” according to the HUD watchdog.
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Requests for Forbearance on Ginnie Loans Swells to 9.73%

May 1, 2020
Maria Volkova
Pandemic-related forbearance requests continued to rise in the week ending April 19, according to the latest MBA tally.
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Guaranteed Rate Will Pay $15M to Settle FCA Claims

May 1, 2020
Maria Volkova
The nation’s 16th largest home lender settled the FHA charges, which included paying unlawful gifts and commissions to underwriters.
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VA Market Performing Well Despite Pandemic

May 1, 2020
Maria Volkova
VA-backed lending remains a silver lining in an otherwise gloomy mortgage market.
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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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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.
Read More
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