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How the PLS market is making money on delinquent loans 

Housing Wire

Since then, Lakeview has unveiled two additional PLS offerings involving pools of delinquent FHA loans also securitized via Ginnie Mae. In those offering, 100% of the FHA loans involved are delinquent — with about a quarter of the mortgages in each deal in active foreclosure. In total, 99.3% are in active foreclosure.

Loans 391
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Rate buydowns are the cat’s meow in today’s market

Housing Wire

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 401
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Opinion: Rethinking the FHA mortgage insurance premium

Housing Wire

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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4 Things I Wish I’d Known Before I Got an FHA Loan

Realtor.com

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded You can’t buy just any house with an FHA loan.

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My Home Value Keeps Going Up: Can I Go Ahead and Cancel PMI?

HomeLight

We spoke to borrowers who parted early with PMI — and combed through primary governmental resources — to bring you our guide to getting rid of this annoying payment asap based on your gained equity and property value. Generally, you can request to cancel PMI when you reach at least 20% equity in your home.

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HUD Aims to Boost Homeownership for Buyers With High Student Loans

Realtor.com

The Biden administration is proposing more down-payment assistance for Black homeownership and taking a number of other measures to fulfill a pledge to address racial equity in housing. Before Thursday’s changes, the FHA program assumed that many borrowers were making monthly payments equal to 1% of their unpaid student-loan balances.

Loans 95
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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. For example, with Federal Housing Administration ( FHA ) loans, 1.5 An army of door-knockers.

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