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VA Lenders Lower Minimum FICO Score Requirements

June 26, 2020
Maria Volkova
Lenders are now starting to ease minimum FICO requirements for VA mortgages.
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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.
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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.
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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?
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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.
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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.
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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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