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Stronger Boundaries Needed For FHA/GSEs, USMI Says

December 7, 2023
Monica Hogan
U.S. Mortgage Insurers President Seth Appleton is encouraging FHA to focus on keeping its Mutual Mortgage Insurance Fund healthy.
Read More

FCC Looks to Close ‘Lead Generator Loophole’

December 7, 2023
Sam Manas
A proposal from the Federal Communications Commission could sharply limit lead generation activity. Meanwhile, the CFPB apparently can’t do much about trigger leads and legislation in Congress hasn’t moved.
Read More

Pent-Up Demand Driving Non-QM Business

December 1, 2023
James Dohnert
LoanNex reported an increase in non-QM pricing scenarios in October as borrowers are more willing to lock loans in the current interest rate environment.
Read More

GSE Loan Limits Set to Rise in 2024

December 1, 2023
James Dohnert
The FHFA increased the baseline conforming loan limit by 5.6% for 2024, while new research finds increasing conforming loan limits impacts home prices and loan volumes.
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Lenders See Growth in Mortgages for Doctors

December 1, 2023
James Dohnert
In a tight lending environment, lenders report success from loan products for medical professionals.
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New Loan Program Can Help Investors Defer Capital Gains Tax

December 1, 2023
James Dohnert
LendSure’s reverse 1031 exchange with bridge loan program offers investors the chance to defer capital gains taxes when selling one investment property and buying another.
Read More

Portfolio Lending Can Help Regional Banks Compete

December 1, 2023
James Dohnert
Regional banks with strong local branch networks can price their loans at higher interest rates compared to national lenders that securitize their originations, according to a new research paper.
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OIG Cites FHA for Insufficient Lender Monitoring

December 1, 2023
Monica Hogan
FHA lacks sufficient safeguards to monitor its lenders and servicers and to prevent ineligible loans and claims in its mortgage insurance program, according to the HUD’s Office of Inspector General.
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FHA Proposes Revisions to the 203(k) Rehab Program

December 1, 2023
Monica Hogan
The revisions would increase the maximum allowable rehabilitation costs for a limited loan, update the rehab period for both standard and limited loans, and allow higher fees for program consultants.
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VA Calls for Six-Month Pause on Foreclosures

December 1, 2023
Monica Hogan
The Department of Veterans Affairs also extended its COVID-19 refund modification program through May 31.
Read More
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