FHA/VA Loans in Forbearance Drop July 10, 2020 Maria Volkova MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.Read More
Seniors Look to HECM as a Means of Securing Capital July 10, 2020 Maria Volkova The pandemic has wiped out as much as 50% of retirees' portfolios, according to Rob Kanyur, loan officer at Fairway Independent.Read More
HUD-OIG Warns of Fraud Schemes During COVID-19 July 10, 2020 Maria Volkova Borrowers in default or facing foreclosure should look out for fraudulent loan-modification schemes, the HUD Inspector General warned.Read More
Pandemic Prompted Seniors to Consider HECMs July 9, 2020 Maria Volkova The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage Read More
More Mortgage Lenders Are Looking to Amp Up Hiring July 9, 2020 Maria Volkova Lenders continue to fill new vacancies in mortgage underwriting, processing and closing.Read More
Forbearance Related to the Pandemic Continues to Fall July 2, 2020 Maria Volkova MBA data show relief numbers falling by 1 basis point to 8.47%. Read More
HECM Lenders See an Increase in Applications July 2, 2020 Maria Volkova The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.Read More
FHA Publishes Quality Control Waivers in Response to the Pandemic July 1, 2020 Maria Volkova Lenders must conduct desk reviews of appraisals based on FHA standards... Read More
FHA Issues Quality Control Waivers During Pandemic June 26, 2020 Maria Volkova Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.Read More
HUD IG Asked to Probe Rule Change for DACA Recipients June 26, 2020 Maria Volkova HUD Secretary Ben Carson is sticking to his stance that DACA recipients are not barred from FHA loans.Read More