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Volume 2018 - Number 25

June 28, 2018

HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September; Issues Too Complex, He Says

The Department of Housing and Urban Development will issue, in September, final rules to ease FHA requirements for financing condominium purchases and refinancings.

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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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