Recently proposed legislation would raise the IRRRL fee from 50 basis points to 85 bps. Lenders are not happy.

Deferment can only be used as a loss-mitigation option if a vet is able to resume making monthly payments as scheduled under the contract.

According to GAO, HUD is not able to fully identify what sensitive information is shared, stored and processed with external entities.

The outlook for HECM lending remains positive as rates remain low and seniors move to tap home equity during these troubled economic times. (Includes data chart.)

ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.

Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.

Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points.

Veteran millennials accounted for 46.0% of VA purchase loans and 23.6% of refi loans so far this fiscal year.

1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.