Matt Jones, the Trump administration’s nominee for commissioner of FHA, plans to continue to work to reduce mortgage costs and housing costs if confirmed for the position.
Fannie Mae and Freddie Mac will use the same LLPA pricing grid for both VantageScore 4.0 and Classic FICO, eliminating the 20-point haircut they were applying to VS4 loans.
The district court sided with the Trump administration, determining that the employees failed to plausibly allege a claim for retaliation under the Fair Housing Act.
Settlement service companies must demonstrate that the goods and services are actual, necessary and distinct, and that payment is commensurate with the value of services and goods.
The enhanced guidelines include qualifying mortgages originated through affordable lending programs, loans for manufactured homes, home improvement and renovation financing, and lender-funded affordable housing assistance programs.
NAR attempted to recruit the help of the Federal Bureau of Investigation to crack down on fraud, but was told the bureau didn’t have the resources to pursue the patchwork of cases across the country.
Seth Appleton, president of USMI, promptly announced the PMI trade group’s support for Pulte’s efforts to align the GSEs’ policy regarding mortgage insurance.
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