For hours, it was unclear whether a White House memo freezing federal funding would impact mortgage programs. In the meantime, government agencies announced that their single-family mortgage programs were unaffected by the planned funding pause.
The warehouse lending business remains profitable, but that doesn’t mean the sector is without challenges. There’s been two recent exits, but on the plus-side, the nation’s ninth-largest warehouse shop has filed for an initial public offering with plans to quickly double its business.
The fees in question related to mortgage payments made over the phone or online. HUD said accepting and processing mortgage payments is part of a servicer’s ordinary activities for which it is already paid.