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.)
FHA is extending its foreclosure and eviction moratorium for single-family properties through June 30. Temporary policy flexibilities for lenders and appraisers also have been extended.
The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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