Senate Banking Committee leaders are close to agreement on a way to enhance consumer protection as a part of a larger financial regulatory reform bill.
Appraisers are raising alarms that the Treasury Department’s decision to use broker price opinions (BPOs) for its new short sales program will exacerbate mortgage fraud and property “flopping.”
Purchase mortgage application volume had a strong week and was the driver of the increase in the Mortgage Bankers Association’s Market Composite Index for the week of Feb. 26.
The Federal Housing Administration commissioner wants the nation’s largest originators to loosen their underwriting standards, allowing more minorities to qualify for government-backed single-family loans.
The Federal Housing Administration is extending the March 31 deadline for mortgage brokers to submit their audited financial statements by 30 days.
Mortgage servicing employees who help troubled borrowers with loan modifications should be exempt from the licensing and registration requirements of the SAFE Act, according to a comment letter by three industry groups.
The Federal Housing Administration is extending the March 31 deadline for mortgage brokers to submit their audited financial statements by 30 days.
