HUD’s Carson Reassures on Rising FHA Delinquencies October 30, 2020 Maria Volkova The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More
FHA Launches Automated Underwriting System October 30, 2020 Maria Volkova The AUS will allow lenders to submit loan application data from their loan origination systems directly to the FHA for insurance eligibility.Read More
FHA Extends Timeframe for Initial Forbearance Request October 30, 2020 Maria Volkova The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021.Read More
Ginnie Mae Loans in Relief Increase Once Again October 30, 2020 Maria Volkova Many homeowners continue to struggle as the pace of the job market’s improvement has waned, the MBA warned.Read More
Guild Mortgage Agrees to Settle with DOJ for $24.9M October 30, 2020 Maria Volkova The settlement resolves charges that the company originated loans it knew were ineligible for FHA insurance.Read More
CFPB Continues Crackdown on False Ads to Veterans October 30, 2020 Maria Volkova In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million.Read More
New BIA Requirement Pauses Lending on Tribal Trust Lands October 30, 2020 Maria Volkova The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending.Read More
NRMLA: Senior Housing Wealth Grew 1.8% in 2Q20 October 30, 2020 Maria Volkova Homeowners 62 years and older saw their housing wealth increase to $7.70 trillion in the second quarter.Read More
Around the Industry October 30, 2020 Maria Volkova HUD awards $12.5 million in housing grants; VA lender NewDay expects a stellar year.Read More
Court Halts HUD’s Final Disparate-Impact Rule October 29, 2020 Maria Volkova A last-minute injunction secured by consumer groups on Sunday has halted HUD’s revised disparate-impact rule, which makes it harder to prove discrimination.Read More