A new financing program for home energy retrofits that leverages home equity is gaining popularity among California homeowners despite efforts by the Federal Housing Finance Agency to discourage lenders from offering such products. Called the HERO program, the initiative was developed jointly by West Riverside Council of Governments and Renovate America, a San Diego-based company that works with local governments in designing low-cost financing programs for home and business owners that want to ...
The draft includes numerous provisions designed to ensure access to the revamped secondary market for credit unions and community banks with less than $10 billion in assets.
Raj Date's new mortgage firm bills itself as a consumer finance company and is stacked with former high-level employees of the Consumer Financial Protection Bureau.
The FHA said it is working to define a qualified mortgage standard that meets the QM criteria under the Dodd-Frank Act, which takes higher priced mortgages into account.
The top contributors to the new Redwood Trust jumbo deal include George Mason Mortgage, Cole Taylor Mortgage, W.J. Bradley Mortgage Capital and PrimeLending.