Short Takes: Number 12 Already? / Signs of Life in Bulk MSR Auctions / JPM’s New Non-Agency MBS / Trying to Save Money? / MBA and NAR Weigh In On Disparate Impact Rule July 17, 2020 Paul Muolo, Maria Volkova, and Brandon Ivey Marking the 12th anniversary of Uncle Sam's seizure of the GSEs...Read More
Mortgage Production Strong Even as COVID-19 Cases Rise July 17, 2020 Maria Volkova Even as many parts of the country see a surge in coronavirus infections, activity in the purchase-mortgage market continues unabated.Read More
Forbearance Declines for the Fourth Consecutive Week July 17, 2020 Maria Volkova Many FHA and VA loans have been bought out of Ginnie pools and moved onto bank balance sheets, according to the MBA. Read More
Ginnie Mae Launches Digital Collateral Program July 16, 2020 Maria Volkova Ginnie Mae will soon start accepting electronic promissory notes and other digitized loan files as collateral for its MBS program.Read More
FHA Offers Loss-Mitigation Options During Pandemic July 16, 2020 Maria Volkova The new measures will help borrowers in COVID-19-related relief avoid foreclosures at the end of their forbearance period.Read More
FHA Rulemaking Focuses on Reducing Costs, Modernization July 15, 2020 Maria Volkova In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay... Read More
HUD Extends Flexibilities for Employment Re-verification July 10, 2020 Maria Volkova Lenders don’t have to provide re-verification of borrower employment to HUD within 10 days of the mortgage note.Read More
FHA Rulemaking to Focus on Reducing Cost, Modernization July 10, 2020 Maria Volkova The administration’s regulatory agenda includes proposals to reduce costs of servicing, update regulations and protect its portfolio.Read More
HUD Issues Updates to CWCOT Procedures July 10, 2020 Maria Volkova Changes to FHA’s claims without conveyance of title procedures include updated appraisal requirements and enhanced discounts applied to appraised values.Read More
VA Loosens Underwriting Policies Amid COVID-19 July 10, 2020 Maria Volkova For borrowers who qualify for an Interest Rate Reduction Refinance Loan, a number of approval requirements have been temporarily waived.Read More