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
FHA Catalyst Platform to Include Loan Review System September 4, 2020 Maria Volkova Beginning Sept. 14, the FHA Catalyst platform will allow lenders to submit binders for post-endorsement review.Read More
Ginnie Loans in Forbearance Drop, But Wait, There’s More August 21, 2020 Maria Volkova Servicers of Ginnie product are buying delinquent FHA and VA loans out of MBS pools and now the mortgages are showing up in a different forbearance category. Read More
Better Late Than Never: The Freedom-RoundPoint Deal Closes August 21, 2020 Paul Muolo FHA/VA lending giant Freedom Mortgage acquired servicer RoundPoint Mortgage of Charlotte, NC. Both firms are privately held.Read More
CHLA Calls for Lower Penalties on Servicers for Missed Deadlines August 21, 2020 Maria Volkova Servicers who fail to meet processing timeframes have to forfeit interest for the entire time it takes to resolve a loan in default.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
FHA Launches Electronic Appraisal Delivery Module August 21, 2020 Maria Volkova Beginning Sept. 1, FHA lenders can submit appraisal reports and updates for FHA Single-Family Title II forward mortgages on the platform. Read More
Where Have All the Ginnie Mae Applicants Gone? August 7, 2020 Paul Muolo Thanks to strong cash prices paid by FHA/VA aggregators, fewer mortgage firms are seeking their Ginnie “eagles.”Read More
The MMIF Audit is Almost Done. Should FHA Be Worried? August 7, 2020 Paul Muolo Soon after the government’s fiscal year ends on Sept. 30, the annual audit of the FHA’s MMIF will be published. Should HUD be worried?Read More
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