Programs & Policies - Page 16 | Inside Mortgage Finance

Still There but Not in Use Very Much: Ginnie PTAP

October 30, 2020

If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign?

New BIA Requirement Pauses Lending on Tribal Trust Lands

October 30, 2020

The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.

MBA, NAR Urge Congress Not to Raise Fees on IRRRLs

October 2, 2020

Maria Volkova

Recently proposed legislation would raise the IRRRL fee from 50 basis points to 85 bps. Lenders are not happy.

VA Allows Deferment as Loss-Mitigation Option

October 2, 2020

Maria Volkova

Deferment can only be used as a loss-mitigation option if a vet is able to resume making monthly payments as scheduled under the contract.

GAO Finds HUD Data Protection Protocols Lacking

October 2, 2020

Maria Volkova

According to GAO, HUD is not able to fully identify what sensitive information is shared, stored and processed with external entities.

HECM Lending Remains Strong During COVID

September 18, 2020

Paul Muolo

The outlook for HECM lending remains positive as rates remain low and seniors move to tap home equity during these troubled economic times. (Includes data chart.)

CFPB Fines Eighth VA Lender for Deceptive Ads

September 18, 2020

Maria Volkova

ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.