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
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
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
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
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