‘Dreamers’ and FHA Mortgages, A Clearer Picture? November 16, 2020 Maria Volkova During an oversight hearing on Capitol Hill in June, HUD Secretary Ben Carson denied that DACA recipients are banned from receiving FHA loans. Read More
The FHA MMIF Posts Solid Capital Ratio of 6.10% November 13, 2020 Paul Muolo and Maria Volkova FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)Read More
Seriously Delinquent FHA/VA Loans Spike in Third Quarter November 13, 2020 Maria Volkova FHA delinquency rates went down 6 basis points to 15.59%, a Mortgage Bankers Association survey found. Though worth noting: FHA loans in the seriously delinquent category (90-days past due) reached a survey-high of 10.76%.Read More
Will the Disparate-Impact Rule Die a Quiet Death? November 13, 2020 Maria Volkova Will President-elect Joe Biden live up to his election promise and gut a lender-friendly disparate-impact rule?Read More
FHA Proposes Private Flood Insurance for SF Mortgages November 13, 2020 Maria Volkova The proposed rule would allow homeowners in special flood hazard areas to comparison shop for loss coverage.Read More
Will ‘Dreamers’ Qualify for FHA Loans Under Biden? November 13, 2020 Maria Volkova Under the Trump administration, many lenders received letters from HUD stipulating that DACA recipients are not eligible for FHA loans.Read More
Climate Change Looms Over Government-Insured Servicing November 13, 2020 Maria Volkova Natural disasters will continue to pose a heightened risk for servicers of Ginnie Mae loans, Mayer Brown said in a report.Read More
Mortgage Fraud Risk Drops by 26% as Refis Boom November 6, 2020 Maria Volkova Mortgage applications for investment properties showed the greatest risk, with one in 28 containing indications of fraud in 2Q20.Read More
LO Compensation Continued to Climb in Third Quarter November 6, 2020 Maria Volkova The number of LOs hired and coached increased by 19% year-over-year, according to LBA Ware. Read More
Short Takes: Stocks Rally, Rates Fall (Re: the Election) / The Outlook for the GSEs / MMIF Okay? / Ocwen’s Overseas Headcount / A New CFO for Guaranty November 4, 2020 Paul Muolo and Maria Volkova Stocks rally, rates fall ... It can only mean one thing: Tuesday night's election.Read More