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COVID Forbearance Rate Declines Yet Again

July 24, 2020
Maria Volkova
FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.
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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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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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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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Mortgages in COVID-19 Forbearance Declining

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