A positive third-quarter report sent by HUD to Congress indicates a more optimistic fiscal 2019 actuarial report on the state of the FHA Mutual Mortgage Insurance Fund, according to a stakeholder analysis.
The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...
HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.
A memo setting new rules for the use of the False Claims Act in addressing FHA loan defaults has found favor among industry stakeholders. However, there is still some concern regarding DOJ’s role.
The agency is seeking comment on an initial draft policy guidance for accepting digitized mortgages and loan packages as underlying collateral for Ginnie MBS.
Ginnie Mae is now targeting mid-tier issuers and servicers for stress testing to gauge their financial strength and ability to weather adverse economic conditions.
Continuing with its efforts to curb serial refinancing, VA is set to tell certain lenders that their recent refinances may be ineligible for a guarantee, accord-ing to industry sources.