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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.
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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.
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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.
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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.
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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
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