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
VA Guidance for Lenders in Response to COVID-19 April 3, 2020 Maria Volkova The VA has released two notices outlining how lenders should address borrowers affected by COVID-19. Read More
NCLC Urges HUD to do More for Reverse Mortgagors April 3, 2020 Maria Volkova The NCLC has urged HUD to extend the moratorium for reverse-mortgage borrowers by another six months. Read More
Ginnie Mae Waives In-Person Signatures for Certain Documents April 3, 2020 Maria Volkova In response to the coronavirus outbreak, Ginnie is allowing lenders and issuers to execute certain forms using an electronic signature.Read More
FHA is Looking to Fill Vacancies April 3, 2020 Maria Volkova The window for applying for most of these jobs is a little more than a week. Read More
Lenders Tighten Underwriting in View of Market Uncertainty April 2, 2020 Maria Volkova As the economic crisis precipitated by the coronavirus heats up, residential lenders have tightened their underwriting guidelines.Read More
Zillow Puts Part of its Home-Buying Business on Pause March 27, 2020 Maria Volkova Zillow Group suspended home buying in the 24 markets where it operates its Zillow Offers service.Read More
Ginnie Providing Services Despite Outbreak March 26, 2020 Maria Volkova Ginnie Mae said it continues to provide services and is in close communication with issuers, servicers, vendors and trustees.Read More
HUD Halts all Foreclosures and Evictions in Response to COVID-19 March 20, 2020 Maria Volkova The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days.Read More