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Quicken’s FCA Settlement a Major Victory For the Industry? A Former FHA Commissioner Weighs In

June 21, 2019
Paul Muolo

Former FHA chief Dave Stevens: “This settlement marks an end to the era of overly aggressive legal action using FCA as a means to leverage lenders into large settlements.”


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CBO: The 2020 Cohort of HECMs will Cost Uncle Sam $350M

May 31, 2019
George Brooks

CBO analyzed four approaches to altering HECM guarantees, including slowing the growth of the borrower's principal limit...


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Short Takes: What We Talk About When We Talk About GSE Reform / MGIC Executive Departs / Winter is Coming, and So is a Recession / All Clear on (Ginnie) Liquidity Issues / Thrift Executive Indicted in Manafort-Related Case

May 24, 2019
Paul Muolo
Good news/bad news: Rates are likely headed lower but a recession is on the way...
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FHA/VA MI Market Share Increases to 54.5%

May 9, 2019
John Bancroft

In the first quarter MI rankings, it was a close race between Essent, Radian and MGIC...


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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Quicken, DOJ Sent to Mediation on FHA Claims Case

April 11, 2019
George Brooks

A U.S. district court judge in Detroit has directed Quicken Loans and DOJ to settle via mediation their dispute over poorly underwritten FHA loans. But will they?


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