Conforming loan limits increasing by 5.2% in 2025; A&D Mortgage using AI to help brokers understand non-QM guidelines; Splitero expands, inks agreement with investment firm.
Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.
The draft standards differ based on whether borrowers can resume their original mortgage payments or need payment relief. Comments on the proposal are due Dec. 23.
FHA Commissioner Julia Gordon said it is critical the government invest in existing homes, given that more than 40% of single-family homes are more than 50 years old.