Ginnie Mae Kick Starts Digital Mortgage Program July 24, 2020 Maria Volkova The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.Read More
Ginnie Dampens ‘Easy Pickings’ on Buyouts July 10, 2020 Brandon Ivey and Paul Muolo Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS.Read More
HUD Extends Flexibilities for Employment Re-verification July 10, 2020 Maria Volkova Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.Read More
HUD Issues Updates to CWCOT Procedures July 10, 2020 Maria Volkova Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.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
HUD-OIG Warns of Fraud Schemes During COVID-19 July 10, 2020 Maria Volkova Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.Read More
Waters Proposes Alternatives to FHA, GSE Forbearance Fees June 26, 2020 Paul Muolo HFSC Chair Maxine Waters rebuked FHA and FHFA for policies she said would unfairly penalize those lending to minority borrowers.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
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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