When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...
Better Mortgage, a “digital” lender, is seeing increased demand for purchase mortgages by helping borrowers compete with cash buyers. The lender focuses on appraisal timelines and provide guarantees for earnest-money deposits if a potential borrower’s sale falls through due to financing issues.
Lenders raised concerns in December after updates to the Internal Revenue Service tax verifica-tion service extended processing times for mortgage originations. Industry groups said the IRS didn’t provide enough advance notice about the changes.