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June 29, 2020

The U.S. Department of Housing and Urban Development (HUD) issued FHA INFO #20-44 on June 22nd.  Of the numerous updates, including Mortgagee Letters, issued as guidance under the Federal Housing Administration (FHA) Single Family Housing area, the underlying policy wa...

May 12, 2020

With escalating unemployment, furloughs, wage reduction and an overall lack of certainty in respect to the U.S. job market, income and employment risk is at the height of volatility. What began as the absence of 4506-Ts for income verification, has evolved into the tem...

April 2, 2020

In our initial COVID-19 blog we touched on process triage, as well as preliminary origination and servicing guideline changes and relief options.  More updates are occurring at a rapid pace as both the industry and government agencies strive to stay in front of the pro...

September 18, 2019

Will the rescission of the Department of Housing and Urban Development’s Mortgagee Letter 2019-06: Down Payment Assistance and Operating in a Governmental Capacity, be the last word on restricting housing funds for DPA?  The industry doesn’t think so, besides this is n...

August 29, 2019

In a brief Mortgagee Letter (ML), 2019-12, issued mid-month by the Department of Housing and Urban Development, HUD effectively rescinded their previous letter on revised down payment assistance, 2019-06: Downpayment Assistance and Operating in a Governmental Capacity,...

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August 24, 2020

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Does Your QC Program Catch Borrower Employment Fraud?

September 20, 2018

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