Overall, Forbearance is Flat Except in Ginnies December 11, 2020 Paul Muolo High unemployment readings are fueling an increase in Ginnie forbearance. Trouble ahead?Read More
FHA Chief’s Criticism on Loan Limits No Big Deal? December 11, 2020 Paul Muolo Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.Read More
New FHA/VA Loan Limits Coming Soon November 25, 2020 Dennis Hollier New FHA and VA loan limits for 2021 will be released on Dec. 2. Read More
FHA Proposes Private Flood Insurance for SF Mortgages November 13, 2020 Maria Volkova The proposed rule would allow homeowners in special flood hazard areas to comparison shop for loss coverage.Read More
Will ‘Dreamers’ Qualify for FHA Loans Under Biden? November 13, 2020 Maria Volkova Under the Trump administration, many lenders received letters from HUD stipulating that DACA recipients are not eligible for FHA loans.Read More
Climate Change Looms Over Government-Insured Servicing November 13, 2020 Maria Volkova Natural disasters will continue to pose a heightened risk for servicers of Ginnie Mae loans, Mayer Brown said in a report.Read More
Still There but Not in Use Very Much: Ginnie PTAP October 30, 2020 Paul Muolo If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign? Read More
New BIA Requirement Pauses Lending on Tribal Trust Lands October 30, 2020 Maria Volkova The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.Read More
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.Read More
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. Read More
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