The government accused the mortgage company of falsely certifying loans for the FHA insurance program
Loosening underwriting standards may cause trouble
Quicken Loans seems to think so as it is suing the DOJ and HUD. The lender said it had no choice after the DOJ demanded it “make public admissions that were blatantly false, as well as pay an inexplicable penalty or face legal action.”
While the regulator is making changes to financial and operational requirements of PMIs, it is leaving g-fees alone.
A federal judge has ruled that the bank’s denial of modifications were in breach of a 2010 settlement involving adjustable-payment mortgages.
Home builders remain careful not to add inventory beyond expected demand, as they struggle with increasing costs for lots, labor and materials.
If your clients are calling you asking about current rates, your job is to change the conversation from rate to payment – and quickly.
Homes are selling fast as spring buyers search in tight markets… Murdoch lists Manhattan penthouse for $72 million… House sales jump almost 40 per cent in northeast Ohio…