Is Biden’s First-Time Homebuyer Tax Credit Dead? April 2, 2021 Maria Volkova Some industry watchers believe the tax credit is on hold because it could drive up prices in an already tight housing market.Read More
HECM Production Down in 4Q but Otherwise Had a Banner Year April 1, 2021 Maria Volkova In 2020, American Advisors Group was the top reverse mortgage originator in the U.S., with $4.09 billion...Read More
Industry Wants a Smoother FHA Condo Approval Process March 26, 2021 Maria Volkova Industry groups suggest lenders be allowed to self-certify compliance with FHA condominium approval requirements.Read More
Secretary Fudge Wants $100 Billion More for HUD March 26, 2021 Maria Volkova Marcia Fudge invites political controversy during her first White House briefing as HUD secretary.Read More
OIG Says HUD Default Loan Monitoring System is Outdated March 26, 2021 Maria Volkova The system, which was originally built and designed in the 1970s, tracks lender data on delinquent mortgages.Read More
More Declines in Forbearance Likely as Economy Rebounds March 26, 2021 Maria Volkova The number of active plans in forbearance declined by 135,000 over the last month, according to Black Knight.Read More
House Discusses Assistance for First-Generation Homebuyers March 26, 2021 Maria Volkova A downpayment assistance bill, which is still just a “discussion draft,” has the potential to provide $20,000 to first-generation homebuyers.Read More
CRL Seeks Equitable Distribution of $10B Homeowner Fund March 26, 2021 Maria Volkova Equity in their homes isn’t enough to prevent many borrowers from losing their house to foreclosure, according to the CRL.Read More
HECM Lending Falls in 4Q20, But Sharply Up for the Year March 26, 2021 Maria Volkova Reverse mortgage production declined 8.1% in the fourth quarter. However, endorsements spiked 54.5% year over year. (Includes two data charts.)Read More
Ginnie Mae to Publish ESG Data Point for MBS Investors March 26, 2021 Maria Volkova A test file of the enhanced disclosure will be made available to investors in mid-April 2021.Read More