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.Read More
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. Read More
VA Market Performing Well Despite Pandemic May 1, 2020 Maria Volkova VA-backed lending remains a silver lining in an otherwise gloomy mortgage market.Read More
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. Read More
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. Read More
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
Relief for Borrowers With FHA Multifamily Mortgages April 17, 2020 Maria Volkova Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act. Read More
Around the Industry April 17, 2020 Maria Volkova Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.Read More
HUD Extends Forbearance as Unemployment Rises April 3, 2020 Maria Volkova HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies. Read More
FHA/VA Lenders Raise Credit Score Requirements April 3, 2020 Maria Volkova In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s. Read More