HUD Allows HECM Lenders Leeway in Filing Documents April 17, 2020 Maria Volkova HUD has approved alternative documentation for claim payments as well as extending deadlines for delivery. Read More
Top-Ranked FHA Lenders Increase Hiring April 17, 2020 Maria Volkova A handful of top-ranked FHA lenders have ramped up their hiring in anticipation of processing a boatload of forbearance requests.Read More
Relief for Borrowers With FHA Multifamily Mortgages April 17, 2020 Maria Volkova Multifamily borrowers with FHA-insured loans can receive forbearance for 90 days under the CARES Act. Read More
Around the Industry April 17, 2020 Maria Volkova Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.Read More
HUD Extends Forbearance as Unemployment Rises April 3, 2020 Maria Volkova HUD extends forbearance for a six-month period. As unemployment spikes, FHA/VA servicers brace themselves for delinquencies. Read More
FHA/VA Lenders Raise Credit Score Requirements April 3, 2020 Maria Volkova In the wake of the pandemic, FHA and VA lenders are raising credit score minimums, at least temporarily. Some are in mid-600s. Read More
NCLC Urges HUD to do More for Reverse Mortgagors April 3, 2020 Maria Volkova The NCLC has urged HUD to extend the moratorium for reverse-mortgage borrowers by another six months. Read More
FHA is Looking to Fill Vacancies April 3, 2020 Maria Volkova The window for applying for most of these jobs is a little more than a week. Read More
HUD Halts all Foreclosures and Evictions in Response to COVID-19 March 20, 2020 Maria Volkova The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days.Read More
OIG to Review HUD’s Hiring Processes March 20, 2020 Maria Volkova HUD’s Office of the Inspector General will evaluate how the department hires new employees and in what timeframe. Read More