In an insurance claim dispute resulting from Guaranteed Rate’s settlement with the DOJ involving the False Claims Act, a court said Ace American Insurance Company has to pay the lender for the cost of the settlement.
The new Congress that will be sworn in next January should concentrate on housing affordability, says Ron Terwilliger, chair of the J. Ronald Terwilliger Center for Housing Policy.
Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)
Currently head of Enterprise Community Partners, Priscilla Almodovar will become the first Latina to head either of the government-sponsored enterprises.
FHFA may have dealt with last year’s controversy over executive compensation at Fannie Mae, but it still has a long way to go to fix its in-house issues with executive compensation reviews.
The changes to the selling guide will impact asset verification, Social Security income verification and the choice of credit scores when there are multiple borrowers.
A new service in Condo Project Advisor lets sellers quickly determine if a condominium project meets the tough post-Surfside purchase eligibility requirements.