Lender/Issuer/Servicer News - Articles - Page 8

FHA Giant Quicken (Rocket) Has a Blow-out Quarter

August 21, 2020

Rocket Companies, which controls Quicken, one of the largest FHA and VA funders, posted stellar earnings for 2Q20. The figure, however, is preliminary.

Large FHA Lender Loses Legal Battle in M&A Case

July 24, 2020

Paul Muolo

FHA/VA lending giant Freedom Mortgage lost a court battle over an aborted M&A deal with RoundPoint Mortgage. Is a settlement in the works?

Former Ginnie Chief Tozer Continues to Worry About Liquidity

July 24, 2020

Paul Muolo

Ted Tozer, the former Ginnie president, wants to head off a potential liquidity crisis before it happens. Is anyone listening?

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.

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%.

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.

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.

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.

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.

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.

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FHA Giant Quicken (Rocket) Has a Blow-out Quarter

Large FHA Lender Loses Legal Battle in M&A Case

Former Ginnie Chief Tozer Continues to Worry About Liquidity

VA Loosens Underwriting Policies Amid COVID-19

FHA/VA Loans in Forbearance Drop

Arch Parent Sells 30-Year Paper, ILN Too

Seniors Look to HECM as a Means of Securing Capital

COVID-19 Infection at BNYM Delays Ginnie Custodial Transfers

FHA Issues Quality Control Waivers During Pandemic

HUD IG Asked to Probe Rule Change for DACA Recipients

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