IG Finds Deficiencies in HUD’s Records Management July 24, 2020 Maria Volkova The internal watchdog has raised concerns about HUD’s inability to identify and track personally identifiable information on one billion records.Read More
COVID Forbearance Rate Declines Yet Again July 24, 2020 Maria Volkova FHA/VA loans in forbearance decreased by 30 basis points to 10.26% as of July 12.Read More
Ginnie Mae Kick Starts Digital Mortgage Program July 24, 2020 Maria Volkova The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.Read More
Ginnie Dampens ‘Easy Pickings’ on Buyouts July 10, 2020 Brandon Ivey and Paul Muolo Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS.Read More
HUD Extends Flexibilities for Employment Re-verification July 10, 2020 Maria Volkova Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.Read More
HUD Issues Updates to CWCOT Procedures July 10, 2020 Maria Volkova Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.Read More
VA Loosens Underwriting Policies Amid COVID-19 July 10, 2020 Maria Volkova For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived.Read More
FHA/VA Loans in Forbearance Drop July 10, 2020 Maria Volkova MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.Read More
Arch Parent Sells 30-Year Paper, ILN Too July 10, 2020 Paul Muolo Now that markets have calmed somewhat, mortgage insurers can issue insurance-linked deals and more. Arch is the first out.Read More
Seniors Look to HECM as a Means of Securing Capital July 10, 2020 Maria Volkova The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent.Read More
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