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Dutch Co. Caps New Shared-Equity Mortgage at $500K

June 30, 2023
James Dohnert
Netherlands-based Anyone.com is the latest to throw its hat into the growing shared-ownership mortgage space. Its goal is to stretch available financing to assist as many homebuyers as possible.
Read More

News Briefs

June 30, 2023
James Dohnert
The Loan Store launches HELOC product; LendingPros debuts condotel financing solution; Carrington Mortgage introduces 40-year fixed-rate terms for non-QM products; RenoFi partners with TruStage for after-renovation-value HELOCs; WAMC merges with Terra Property Trust; UWM announces four new bank statement loan options.
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FHA to Require Loan Originators to Use SCIFs

June 30, 2023
Monica Hogan
The Department of Housing and Urban Development will require lenders to use a Supplemental Consumer Information Form for all FHA Title II single-family home mortgages they originate beginning in August.
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Private MI Providers Showing Strong Performance

June 30, 2023
Monica Hogan
Insurance in force has been the main driver of earnings growth for private mortgage insurers.
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UI Offers Two Alternatives to FHA Loss-Mitigation Proposal

June 30, 2023
Monica Hogan
Under FHA’s proposal, participating servicers would receive $1,000 in compensation, but the Urban Institute said that personnel costs would often be higher than that.
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FHA Face-to-Face Rule Doesn’t Require Meeting, Court Rules

June 30, 2023
Monica Hogan
Flagstar Bank met FHA’s face-to-face requirement when it left a door hanger at the home of a borrower prior to foreclosing on the property, a state Supreme Court ruled.
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HECM Proposal Could Benefit From Tweaks: MBA

June 30, 2023
Monica Hogan
The Mortgage Bankers Association proposed some revisions of its own in response to an FHA proposal to change home equity conversion mortgage disbursements and defaults.
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HUD Enhances Multifamily Inspection Standards

June 30, 2023
Monica Hogan
While the rules don’t apply to single-family homes, the agency has programs to help seniors and others improve their residences and make them safer.
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Around the Industry

June 30, 2023
Monica Hogan
FHA raises large multifamily loan limits; VA moves regional loan center email systems; USDA issues standardized multifamily appraisal assignment guidance; HUD opens independent Office of Manufactured Housing Programs; USDA sets new interest rates for single-family direct home loan programs; and more.
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FHFA Updates RPL/NPL Sale Requirements

June 29, 2023
Dennis Hollier
New rules on NPL/RPL sales appear to address Congressional criticism of these programs, but FHFA data may belie those complaints.
Read More
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