Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
A Growing Fear that Ginnie ‘Buyouts’ Could Mushroom June 12, 2020 Paul Muolo Ginnie MBS investors hate loan buyouts because it alters prepayment speeds. Will the COVID-19 crisis spark a wave of new activity?Read More
NewDay Lowers FICO Minimums to 680 June 12, 2020 Maria Volkova The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.Read More
Private MI Firms Essent, NMI on a Capital-Raising Spree June 12, 2020 Maria Volkova and Paul Muolo FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.Read More
Impac Returns with a Renewed Focus on FHA, More June 12, 2020 Paul Muolo The struggling lender has kick-started its operation, including a menu of FHA loans. Read More
HUD-IG Says Telework Had Little Impact on Operations June 12, 2020 Maria Volkova HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions. Read More
FHA/VA Mortgages in Forbearance Leveling Off June 12, 2020 Maria Volkova Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?Read More
Top-Ranked FHA Lender Posts Stunning Gain-On-Sale May 29, 2020 Paul Muolo Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper. Read More
FHA Finalizing Forbearance Policy for Loans in Progress May 29, 2020 Paul Muolo FHA’s policy regarding mortgage insurance coverage for loans in progress isn’t quite ready. Meanwhile, Ginnie Mae’s Pass-Through Assistance Program usage remains low.Read More
MBA Pushes for Stern FHA, GSE Forbearance Language May 29, 2020 Paul Muolo Legislation has been introduced in Congress to force FHA’s hand on forbearance. But will it go anywhere? Read More
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