HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
Large Government Lender Caliber Home Delays IPO October 30, 2020 Paul Muolo Without much warning or explanation, top-ranked FHA/VA originator Caliber has scuttled its IPO, at least for now.Read More
Still There but Not in Use Very Much: Ginnie PTAP October 30, 2020 Paul Muolo If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign? Read More
FHA Extends Timeframe for Initial Forbearance Request October 30, 2020 Maria Volkova The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.Read More
CFPB Continues Crackdown on False Ads to Veterans October 30, 2020 Maria Volkova In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.Read More
New BIA Requirement Pauses Lending on Tribal Trust Lands October 30, 2020 Maria Volkova The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.Read More
Top FHA Lender Freedom Likely to Stay Private October 16, 2020 Paul Muolo Public ownership isn’t for everyone. Just ask FHA-direct giant Freedom Mortgage of Mt. Laurel, NJ. Read More
Wells Fargo Makes Big Bet on Ginnie EBOs. Others? October 16, 2020 Paul Muolo Thanks to high forbearance readings and escalating delinquencies, Wells Fargo is once again playing the Ginnie buyout game. It’s not alone.Read More
HUD OIG Says Carson Didn’t Use Agency to Help Son October 16, 2020 Maria Volkova According to HUD’s internal watchdog, Benjamin Carson Jr.’s emails and business records show that he did not secure a direct financial benefit in his involvement with a HUD listening tour.Read More
Servicers’ Forbearance Information Still Misleading October 16, 2020 Maria Volkova Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist. Read More
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