Loans in Ginnie Pools Not Always Insured, HUD OIG Says December 22, 2022 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk, the inspector general’s report said.Read More
Short Takes: Carpe Diem Time for Depositories and Mortgages? / Advantages / Scalable? / A Sudden Departure at Rithm / Fighting Homelessness December 19, 2022 Paul Muolo and Monica Hogan But will banks cash in on their supposed advantage?Read More
Academy Mortgage Settles FCA Case Brought by Whistleblower December 16, 2022 Monica Hogan Thrower, as the whistleblower plaintiff who brought the allegations to light, will receive roughly $11.5 million...Read More
Investors Crowding Out Would-Be Homebuyers, Advocates Say December 16, 2022 Monica Hogan Institutional investors are increasingly scooping up affordable single-family homes, creating an unlevel playing field for low-income first-time homebuyers, affordable housing advocates said at a recent HUD event.Read More
Home Equity Lending to Grow in 2023, TransUnion Says December 16, 2022 Monica Hogan Tappable home equity should remain sizable in 2023, signaling opportunity for an uptick in home-equity loans.Read More
Industry Bats Around Permanent Loss-Mitigation Ideas December 15, 2022 Monica Hogan Streamlined refis worked well as a loss-mitigation tool during the pandemic, but aren’t a solution in a rising interest-rate environment.Read More
Omnibus Spending Package Could Pass by End of Next Week December 15, 2022 Monica Hogan The timing of an FHA mortgage insurance premium cut could rest on how soon Congress passes a fiscal 2023 federal budget.Read More
Ginnie Issuance Off Again in November, Freedom’s Activity Plunges 59% December 14, 2022 Monica Hogan and Paul Muolo Planet Home Lending issued $1.9 billion in Ginnies, ranking fourth overall...Read More
Worried About VA Churn, Ginnie Makes Some Recommendations December 13, 2022 Monica Hogan To combat such “churn,” the agency is now advocating changes, including the establishment of a formal Ginnie/VA working group...Read More
Gordon Hopes FHA MIP Cut Process Won’t Drag On Too Long December 12, 2022 Monica Hogan The FHA chief hopes it doesn't turn into a "Waiting for Godot" type of situation...Read More