Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
Private MI Firms Essent, NMI on a Capital-Raising Spree June 12, 2020 Maria Volkova and Paul Muolo FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.Read More
HUD-IG Says Telework Had Little Impact on Operations June 12, 2020 Maria Volkova HUD's internal watchdog found employees were able to quickly adapt to working from home and perform essential functions. Read More
FHA/VA Mortgages in Forbearance Leveling Off June 12, 2020 Maria Volkova Ginnie-backed loans under forbearance grew a mere 1 basis point as of May 31, according to the MBA. An indication of better times?Read More
New Digital Lender Plans to Offer FHA/VA Loans June 12, 2020 Maria Volkova Beeline plans to offer FHA loans by 3Q and VA loans next year.Read More
Seniors Move to Tap Equity as Pandemic Spreads May 29, 2020 Yemeng Yang Seniors are tapping home equity during the coronavirus crisis, as evidenced by increased applications for Home Equity Conversion Mortgages.Read More
Forbearance Rate for FHA/VA Loans Climbs May 29, 2020 Maria Volkova As of May 17, FHA/VA loans in forbearance increased to 11.60% from 11.26% in the previous seven-day period.Read More
HUD to Launch E-Delivery Portal ‘FHA Catalyst’ May 29, 2020 Maria Volkova The platform currently offers two modules, which allow servicers to submit mortgage supplemental claims and case binder documents. Read More
Ginnie Mae Mortgages in Forbearance Up At 11% May 15, 2020 Maria Volkova Ginnie Mae-insured loans continue to account for the highest percentage of forbearance requests but the relief growth rate is starting to flatten.Read More
Top FHA/VA Lender Won't be Buying RoundPoint May 15, 2020 Paul Muolo Freedom Mortgage's purchase of a competitor has hit the skids. The top-ranked FHA/VA firm announced the deal a year ago. Read More
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