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
NewDay Lowers FICO Minimums to 680 June 12, 2020 Maria Volkova The VA lender believes a low credit score doesn’t mean a borrower is high risk. The firm plans to fund over $2 billion in VA loans in 2Q.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
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
Refi Wave Carries VA to Record Level in Early 2020 May 15, 2020 John Bancroft Thanks largely to a revived streamlined-refi program, the VA produced a record $82.6 billion of home loan guaranties in the first quarter, extending its lead over the FHA. (Includes five data charts.)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
RSS