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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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VA Loosens Underwriting Policies Amid COVID-19

July 10, 2020
Maria Volkova
For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived.
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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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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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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.
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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.
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Mortgages in COVID-19 Forbearance Declining

June 26, 2020
Maria Volkova
Meanwhile, delinquency rates are noticeably rising, according to Black Knight.
Read More
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