Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
W S
Lending / The Ticker

Churchill Mortgage: New program leads to 540% jump in FHA refis

/ Print / Reprints /
| Share More
/ Text Size+

Lender Churchill Mortgage credits the year-old FHA Streamline Refinance program for prompting a 540% jump in the firm's government-backed refinancings.

The FHA Streamline Refinance initiative rolled out in June 2011, allowing FHA loans in good standing to refinance into mortgages with lower monthly interest payments.

The FHA program allows most qualified borrowers to transition to lower rates without an appraisal, the FHA said. Four months ago, the FHA expanded the initiative to include qualified mortgages endorsed or insured prior to June 1, 2009.

Churchill is a Brentwood, Tenn.–based lender that offers conventional, FHA, VA and USDA residential mortgages in 26 states.

kpanchuk@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus