The Federal Housing Administration is floating the idea of working collaboratively with servicers to explore offering a new type of partial claim that is more similar to Fannie Mae and Freddie Mac’s equivalent. Processing Content Although the use of this type of distressed borrower assistance has become less prominent as the FHA has transitioned away […]
FHA proposes test of new partial claim alternative Read More »
The U.S. Department of Housing and Urban Development is suspending funding for the Virgin Islands Housing Finance Authority, the agency announced Monday. Processing Content HUD said it investigated the organization and found widespread financial mismanagement, inadequate fraud controls, false certifications and improper payments. The VIHFA received $1.9 billion in HUD disaster recovery funding nearly a
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Non-qualified mortgage loans, by their nature, have risks not commonly seen in conforming underwriting. Processing Content To meet those needs, RiskSpan launched Credit Model 7.1 last week. It works alongside RiskSpan’s existing non-QM prepayment model, which predicts how fast borrowers pay off their loans. Together, the two models let clients estimate both credit risk and
RiskSpan launches new credit model for non-QM loans Read More »