HUD IG Finds Underwriting Issues at 1st Tribal Lending September 18, 2020 1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.Read More
CBC Letter Voices Concerns About DPA Program September 4, 2020 Maria Volkova According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.Read More
USDA's Guaranteed Home Loan Volume Up Sharply in 2020 September 4, 2020 Maria Volkova Between October 2019 and July of this year, USDA issued 107,283 guarantees totaling $17.8 billion. Another month remains in the agency's fiscal year.Read More
FHA, VA Extend Eviction and Foreclosure Moratorium September 4, 2020 Maria Volkova The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.Read More
Industry Concerned About Proposed Changes to DPA August 21, 2020 Maria Volkova The proposal aims to ensure governmental entities that participate in downpayment assistance programs do not benefit financially.Read More
Industry Urges FHA to Ease Rules for Borrowers with Student Loans August 21, 2020 Maria Volkova The current method for calculating monthly student-loan payments results in artificially inflated debt-to-income ratios.Read More
FHA Extends Deadline for Filing Claims on Title I Loans August 21, 2020 Maria Volkova The extension applies to loans that were current or less than 30 days past due as of March 1 and go into default before Nov. 30. Read More
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?Read More
FHA Employs 'Waterfall' Model for Loss Mitigation July 24, 2020 Maria Volkova One option places past-due mortgage amounts in separate junior liens of up to 30% of the outstanding. The lien is repayable when the mortgage ends, which is usually when a borrower refinances or sells their home.Read More
IG Finds Deficiencies in HUD’s Records Management July 24, 2020 Maria Volkova The internal watchdog has raised concerns about HUD’s inability to identify and track personally identifiable information on one billion records.Read More
RSS