Changes brew across lender, investor businesses
Industry agencies adjust policies and rules
Changes are brewing across the industry for lenders and investors, according to the latest commentary from mortgage blogger Rob Chrisman.
Here's just a snapshot of the changes that made Chrisman's list:
MSI is no longer requiring appraisals for VA IRRRL loans so long as they comply with all guidelines and use the applicable 307100 product code, Chrisman noted.
Mortgage Harmony and Denver-based LenderLive have entered into an agreement whereby the former will begin servicing the latter’s loans.
Carrington Mortgage is now offering USDA loans through its retail and wholesale lending channels in addition to its FHA and VA purchase options.