FHA's Keith Becker: “The industry and most of our lender partners are leveraging this technology now, and we have to find a way to do that as well so we can stay current with the industry’s direction..."
According to HUD’s policy handbook, a non-permanent resident alien is eligible for FHA financing if the property will be the borrower’s principal residence…
Experts discuss mortgage-servicing from the standpoint of business practices: Who buys them? Who owns them? How are they financed? And the evolving roles of banks and nonbanks in the Ginnie Mae space.
Mortgage Grapevine: Rushmore is buying another origination platform, a sign that mortgage M&A could be on the rise again. Meanwhile, Fannie Mae is offering buyout packages to a select group of employees.
H.R. 299 eliminates the cap on VA home loans, which means that qualified homebuyers can now borrow above the agency’s standard loan limit of $484,350 for most counties in 2019 with no downpayment requirements.
In 1Q19, the top three HECM lenders were American Advisors Group, One Reverse Mortgage, and Synergy One Lending. Reverse Mortgage Solutions, which ranked fourth, is in the process of being sold…
FHA is behind the industry, Fannie Mae and Freddie Mac in terms of new technology, which has had a dramatic impact on the agency's ability to recognize and manage risks up front, says FHA's chief risk officer.
IT modernization is a top priority at Ginnie Mae, FHA, VA and USDA despite a serious shortage of funds to make the changes needed to create electronic platforms for digitized mortgages, facilitate risk management, and provide consumers better service.