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
USDA Seeks Industry Comment on AUS November 25, 2020 Maria Volkova The U.S. Department of Agriculture plans to make it mandatory for lenders to use its guaranteed underwriting/loan closing system for all single-family loans. Read More
The FHA MMIF Posts Solid Capital Ratio of 6.10% November 13, 2020 Paul Muolo and Maria Volkova FHA delinquencies are a paramount concern for regulators and lenders but the MMIF closed fiscal 2020 on solid footing. (Includes data chart.)Read More
Mayor Pete for HUD Secretary? Ginnie Chief Departs November 13, 2020 Paul Muolo A new president in the White House means a changing of the guard at HUD, FHA and Ginnie. The candidates are... Read More
Will the Disparate-Impact Rule Die a Quiet Death? November 13, 2020 Maria Volkova Will President-elect Joe Biden live up to his election promise and gut a lender-friendly disparate-impact rule?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
HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
CFPB Continues Crackdown on False Ads to Veterans October 30, 2020 Maria Volkova In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.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
Servicers’ Forbearance Information Still Misleading October 16, 2020 Maria Volkova Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist. Read More