The mortgage industry wants HUD to reconsider its proposal to recodify the 2013 disparate-impact theory as it predates and is inconsistent with binding Supreme Court precedent.
A continuing shortage of housing inventory makes it more important than ever that sellers and real estate agents understand how quickly VA loans can close. At least, that’s what VA lenders believe.
A Delaware Superior Court ruled that ACE American Insurance Co. must advance nearly $18 million to Guaranteed Rate on a claim the lender filed for defense costs related to allegations it violated the False Claims Act.
Key metrics reviewed in HUD’s single-family default monitoring system showed that residential servicers generally complied with HUD’s forbearance reporting requirements for FHA loans.
Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.
MSR offerings won’t get frothy until mortgage lender/servicers, especially those of the publicly traded variety, feel the heat from company owners — and investors — to keep the earnings gravy train going...
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