Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
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Items Tagged with 'FHA'

ARTICLES

FHA beefs up foreclosure prevention initiatives

Housing advocates applaud changes to HUD’s distressed asset program
Trey Garrison
The FHA and HUD are taking steps to amp up foreclosure prevention, and some housing advocates like what they’re hearing.
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First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high
Trey Garrison
Agency loans for first-time buyers are as risky as they’ve been since the AEI started tracking mortgage risk. With pressure on to loosen credit standards even more, are you worried?
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U.S. sues Quicken Loans for FHA loan violations

DOJ accuses lender of improperly originating and underwriting FHA mortgages
Trey Garrison and Ben Lane
The United States government is suing Quicken Loans, accusing the lender of improperly originating and underwriting loans that were insured by the Federal Housing Administration. According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
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Fannie Mae: Lenders expect boost from GSE 97% LTV products

Plus additional benefit from FHA mortgage premium insurance cut
Trey Garrison
The latest lender sentiment survey from Fannie Mae shows that mortgage lenders expect they will get a boost in business from changes at the GSEs and at FHA. Here’s what they think.
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Is it really risky business at Fannie, Freddie?

Viable alternatives or the same old mistakes?
Trey Garrison
A little risk in life is a good thing, and everyone deserves a chance to prove they can do better than they have. But some say the housing policies being pursued may sound awfully familiar. Maybe, just maybe, the GSE are on to something good.
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The reverse mortgage gets a facelift

A positive for seniors
Phil Stevenson
In the upcoming weeks, reverse mortgages will be going through changes that will provide a much-needed facelift in the public eye, bringing some value back into the system. And one of the biggest impacts will be for homeowners threatened by bankruptcy or foreclosure.
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Carrington expands FHA mortgage lending offerings

Now offering FHA 203k full renovation loans through wholesale channel
Ben Lane
Carrington’s new 203k full renovation loan program lets borrowers take out a single loan to finance both the cost of buying the home and the renovation costs, Carrington said in a release.
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Settlement agent convicted in multimillion-dollar real estate fraud scheme

Bogus loans defrauded FHA, then sold to Fannie, Freddie
Trey Garrison
A real estate professional was convicted in a multimillion-dollar real estate scheme involving bogus loans that ended up being sold to Fannie Mae and Freddie Mac. Here’s the rap sheet.
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Mortgage lending continues seismic shift from large banks to nonbanks

AEI: Nonbanks move toward riskier loans
Trey Garrison
A new study released by the American Enterprise Institute’s International Center on Housing Risk found that the seismic shift in home purchase loan originations away from large banks to nonbanks continued in February, and the mortgage risk is increasing.
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Fannie, Freddie loans hit series high in National Mortgage Risk Index

February numbers show QM not helping, GSEs not compensating for high CLTV loans
Trey Garrison
While the overall risk index ebbed slightly in February, the risk index for Fannie, Freddie, FHA and VA loans all hit series highs. Worried?
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