The volume of government-insured loans originated through the correspondent channel increased 10.6% on a quarterly basis in the first quarter, while retail and broker originations shrank. (Includes data table.)
Servicers may be required to overspend in auctions under HUD’s claims without conveyance of title program, according to the Mortgage Bankers Association.
HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.
HUD to shift headquarters; FHA lending update; VA launches improved help desk; FHA looks into BNPL; organizations sue HUD over Fair Housing Act grants.
ABS comprised of solar loans, and the companies that service them, are under pressure as uncertainty swirls around the future of Biden-era clean energy provisions.
HUD housing counseling services help streamline the application process for borrowers, saving originators time and money, panelists said last week at MISMO’s spring summit in Boston.