Browsing Tag:Loss

fha-updates-covid-19-restoration-loss-mitigation-choices-weiner-brodsky-kider-pc
On July 23, 2021, the FHA released Mortgage Letter 2021-18 (ML 2021-18) amending its COVID-19 loss mitigation guidelines for borrowers with FHA-insured forward mortgages affected by the COVID-19 pandemic. ML 2021-18 primarily introduces a "waterfall" for loss mitigation options for owner-occupied primary residences, including: (1) the standalone COVID-19 recovery subclaim (which replaces the standalone COVID-19 subclaim) and (...
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fha-releases-up-to-date-webinar-on-covid-19-loss-mitigation-insurance-policies-weiner-brodsky-kider-pc
The FHA recently announced that it has made a pre-recorded webinar available that further breaks down their guidelines outlined in Mortgagee Letter 2021-15 (ML 21-15), which WBK previously covered here. In ML 21-15, the FHA extended the existing foreclosure and eviction moratoriums on all FHA-insured mortgages through July 31, 2021, with the exception of FHA-insured mortgages backed by...
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mlo-ops-jobs-underwriting-loss-mit-dealer-corresp-jumbo-merchandise-va-fha-ginnie-modifications
MLO, Ops Jobs; Underwriting, Loss Mit, Broker, Corresp., Jumbo Products; VA, FHA, Ginnie Changes(To listen to the audio version of today’s commentary, please click here.) Being home schooled was the goodest thing I ever did! Disparities in mortgage approval rates and higher student loan debt are contributing to a significant gap between Black and White home owners, according to...
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