The Biden Effect: DACA Borrowers FHA Eligible January 21, 2021 Maria Volkova Deferred Action for Childhood Arrivals participants are eligible for government-insured loans, Joe Biden’s FHA declared. Read More
Foreclosures Down in 2020 Thanks to Eviction Moratoriums January 21, 2021 Maria Volkova Eviction moratoriums helped foreclosure activity plunge 57% in 2020. But wait. There is a huge backlog building up.Read More
FHA Issues Statement on DACA Borrowers: Yes January 20, 2021 Maria Volkova The government MI is waiving a section in the handbook that reads, “Non-US citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”Read More
GNMA PTAP Program Headed for the Sunset January 19, 2021 Maria Volkova To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...Read More
Ginnie Mae Posts $1.1B Profit for FY20 January 15, 2021 Maria Volkova After incurring a $546.3 million loss in fiscal 2019, Ginnie Mae earned $1.1 billion on revenues of $4.3 billion in fiscal 2020. Read More
Ginnie Loans in Relief Down, But Not Out of the Woods Yet January 15, 2021 Maria Volkova A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector. Read More
Ginnie’s PTAP Program to Sunset (No One Knows When) January 15, 2021 Maria Volkova Pass-Through Assistance Program advances outstanding were a mere $320,456 as of Jan. 4.Read More
HUD OIG Finds Flaws in FHA Endorsements January 15, 2021 Maria Volkova In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.Read More
Oceanwide’s Acquisition of Genworth on Shaky Ground January 15, 2021 Maria Volkova Genworth said it is pursuing a contingency plan, including a potential partial IPO of its U.S. mortgage insurance businesses.Read More
Three Accused of Submitting False Claims to FHA January 15, 2021 Maria Volkova According to a civil complaint, real estate purchased at depressed short sale prices were submitted to the FHA for insurance.Read More