The bank announced about 1,000 job cuts across the country – about 900 of which will be from its home lending unit
The California representative is expected to take over the House Financial Services Committee
The president’s proposed budget shows a slowdown in the fund over the next two years and a bump in HUD’s FY2016 budget.
Monthly prepayment rate is highest since February 2009 as lenders have been recovering greater gross percentages of unpaid balances through REO liquidations than through short sales.
Even if someone has the production record and/or experience, how do we know they are the right person for our team? Here's the final part to the question on whether to employ young professionals or seasoned mortgage professionals.
With little to no down payment, no closing costs or fees and an interest rate that is near 0%, this program is starting to gain traction among borrowers. However, the approval process is far from easy.
The FHFA has announced new regulations aimed at nonbank mortgage companies in an effort to “ensure the safe and sound operation of the GSEs.”
If finalized, the new rules would increase the number of financial institutions able to offer certain types of mortgages in rural and underserved areas.