HUD-OIG Warns of Fraud Schemes During COVID-19 July 10, 2020 Maria Volkova Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.Read More
COVID-19 Infection at BNYM Delays Ginnie Custodial Transfers June 26, 2020 Paul Muolo BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office. Read More
Ginnie MSR Sales Almost Nonexistent. However... June 26, 2020 Paul Muolo Signs of life in Ginnie Mae-related MSR deals? Not yet but hope springs eternal. Read More
FHA Issues Quality Control Waivers During Pandemic June 26, 2020 Maria Volkova Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.Read More
HUD IG Asked to Probe Rule Change for DACA Recipients June 26, 2020 Maria Volkova HUD Secretary Ben Carson is sticking to his stance that DACA recipients are not barred from FHA loans.Read More
HUD-IG Criticizes Reporting Policies Under FHA-HAMP June 26, 2020 Maria Volkova FHA policies on reporting of loan mods and for filing partial claims under HAMP were void of deadlines, the HUD-IG told Congress. Read More
Mortgages in COVID-19 Forbearance Declining June 26, 2020 Maria Volkova Meanwhile, delinquency rates are noticeably rising, according to Black Knight.Read More
VA Lenders Lower Minimum FICO Score Requirements June 26, 2020 Maria Volkova Lenders are now starting to ease minimum FICO requirements for VA mortgages. Read More
HUD Considering Options to Increase Minority Homeownership June 26, 2020 Maria Volkova In a bid to make credit more accessible to minorities, HUD is considering alternative, non-traditional credit scoring methods.Read More
Second-Ranked FHA Lender Quicken Contemplates IPO June 12, 2020 Paul Muolo Quicken Loans, the largest home lender in the nation, has yet to publicly file an S-1 statement with the SEC.Read More
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