Forbearance Related to the Pandemic Continues to Fall July 2, 2020 Maria Volkova MBA data show relief numbers falling by 1 basis point to 8.47%. Read More
HECM Lenders See an Increase in Applications July 2, 2020 Maria Volkova The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.Read More
FHA Publishes Quality Control Waivers in Response to the Pandemic July 1, 2020 Maria Volkova Lenders must conduct desk reviews of appraisals based on FHA standards... Read More
FHA Issues Quality Control Waivers During Pandemic June 26, 2020 Maria Volkova Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.Read More
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.Read More
HUD-IG Criticizes Reporting Policies Under FHA-HAMP June 26, 2020 Maria Volkova FHA policies on reporting of loan mods and for filing partial claims under HAMP were void of deadlines, the HUD-IG told Congress. Read More
Mortgages in COVID-19 Forbearance Declining June 26, 2020 Maria Volkova Meanwhile, delinquency rates are noticeably rising, according to Black Knight.Read More
VA Lenders Lower Minimum FICO Score Requirements June 26, 2020 Maria Volkova Lenders are now starting to ease minimum FICO requirements for VA mortgages. Read More
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.Read More
Forbearance Numbers Start to Plateau as Job Market Improves June 19, 2020 Maria Volkova The overall forbearance rate is levelling off but loans packaged into non-agency MBS and those held in portfolio showed a relief-request reading of 10.18%, up 15 basis points.Read More