Housing Wire
OCTOBER 1, 2024
The inspection must be conducted by an FHA-approved appraiser, even if there is no damage listed in the report, which must be dated after the incident date or 14 days from it, whichever is sooner. “If All FHA-sponsored forward mortgages inside PDMDAs have an automatic 90-day forbearance period following a declaration by the president.
Housing Wire
NOVEMBER 9, 2022
According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels. Borrowers apply for a set amount of money that they need and receive that money as a lump sum if approved.
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Housing Wire
DECEMBER 13, 2024
While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.
Housing Wire
MARCH 3, 2022
The modification must be made no later than 18 months after the date in which the COVID-19 national emergency ends, without VA pre-approval. The option allows the VA to purchase a borrower’s forbearance indebtedness amount, up to 30% of the unpaid principal balance of the VA-guaranteed loan.
Housing Wire
SEPTEMBER 17, 2024
David Berenbaum, HUD’s principal deputy assistant secretary of housing counseling, lauded the partnership for its potential to meet HUD’s counseling goals. “We We’re expanding on that foundation by helping consumers get connected to the right resources, helping to reduce the barriers they face to securing affordable housing.”
Housing Wire
JULY 21, 2022
“With respect to nonagency loans and non-QM loans, warehouse lenders will finance between 90% and 95% of the original principal amount of the loan, which requires [FGMC] to use working capital to fund the remaining portion of the principal balance of the mortgage loans,” states a declaration filed with the court by FGMC CEO Aaron Samples. “As
Housing Wire
AUGUST 4, 2022
The acquisition is slated to close in 2023, subject to customary closing conditions and regulatory approvals. Once finalized, the acquisition of RoundPoint is expected to provide Two Harbors with annual annual pre-tax earnings of about $20 million, according to Two Harbors.
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