Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
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Items Tagged with 'Federal Housing Administration'

ARTICLES

1st Alliance Lending launches mortgage program for underserved borrowers

Expands access to lending with multi-channel program
Ben Lane
1st Alliance Lending is launching a new national mortgage lending platform in an effort to spur lending for “underserved borrowers who are seeking to overcome past credit challenges and purchase a home,” the company said in a release.
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MetLife Home Loans to pay $123.5M in mortgage resolution

Admitted it knowingly made faulty mortgages
Brena Swanson
MetLife Home Loans agreed to pay $123.5 million, after it admitted it had been aware that a substantial percentage of loans weren’t eligible for FHA mortgage insurance due to its own internal quality-control findings.
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Mr. Castro went to Washington…and it was pointless

Republicans batter HUD secretary with bluster but offer no solutions
Ben Lane
Maybe it was naïve of me, but I truly thought that a hearing titled, “The Future of Housing in America: Oversight of the Federal Housing Administration,” hosted by the House of Representatives Committee on Financial Services and featuring HUD Secretary Julián Castro would actually, you know, accomplish something…anything. But I was so incredibly wrong.
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FHA attempts to change rules to spur lending

Looks to loosen mortgage lending
Brena Swanson
The Federal Housing Administration is looking into limiting one of the most powerful tools federal attorneys have to punish banks for making mistakes in mortgage lending in attempts to spur lending from banks.
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Monday Morning Cup of Coffee: The 4 shifts needed to boost new home sales

Castro to face grilling by House committee; ABS Vegas preview
Ben Lane
What four things do builders and developers need to do to boost new home sales? What's expected at ABS Vegas this week? And what kind of reception will HUD Secretary Julián Castro receive from the House Financial Services Committee this week? Those answers and more contained herein.
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New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
Ben Lane
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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WATCH: HUD Secretary Castro tells Daily Show FHA’s “trajectory” is strong

FHA’s reserve capital questioned by host Jon Stewart
Ben Lane
HUD Secretary Julián Castro continued his media tour Monday night, joining The Daily Show with Jon Stewart for a wide-ranging discussion touching on the recent announcement that FHA will cut its annual mortgage insurance premiums, whether the government has learned anything from the housing crisis and whether the FHA will need another bailout any time soon.
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Urban Institute: 4 positive ways FHA cuts will impact mortgages

Starts with saving borrowers more money
Brena Swanson
There has been a lot of talk around the Federal Housing Administration's announcement that it is reducing mortgage insurance premiums. Here are four reasons the Urban Institute thinks it's good news for the mortgage industry.
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Here’s how much the FHA premium cut will actually save borrowers

RealtyTrac provides county-level savings data
Ben Lane
The Obama administration said that the FHA premium cut would save an average first-time homebuyer $900 in their annual mortgage payment, but new analysis from RealtyTrac reveals just how much FHA borrowers will actually save.
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