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September 13, 2018

September Issuance of Final FHA Condo Rule Unlikely

By George Brooks

So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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