Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'FHA'

ARTICLES

Housing advocates join industry applauding reverse mortgage change

Clarification benefits all involved
Trey Garrison
In rare moment of congruence, affordable housing advocates and housing industry players are applauding the recent decision by the U.S. Department of Housing and Urban Development and the Federal Housing Administration to changes its reverse mortgage program. Here’s why.
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FHA issues new reverse mortgage rules to protect spouses

Designed to allow non-borrowing partners to remain in home
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 in their homes after the last surviving borrower dies.
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Quicken Loans CEO: The FHA has been hijacked by the Department of Justice

Bill Emerson tells HousingWire why Quicken is fighting back
Ben Lane
Much of the industry scuttlebutt of late has been focused on Quicken Loans with its decision to sue the Department of Justice and the Department of Housing and Urban Development. In an exclusive interview with HousingWire, Quicken Loans’ CEO Bill Emerson said that the lender is not going to give in to the government’s pressure and tells us what's really going on.
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First Tennessee Bank to pay $212.5 million for faulty FHA underwriting

Settlement with DOJ stems from False Claims Act violations
Ben Lane
First Tennessee Bank, the regional bank for First Horizon National, will pay $212.5 million to resolve allegations that it violated the False Claims Act by “knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements,” the Department of Justice announced Monday.
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HUD selects Richard Green as senior advisor for housing finance

Currently serving as director of USC Lusk Center for Real Estate
Ben Lane
The U.S. Department of Housing and Urban Development appears to have found a replacement for former HUD Senior Advisor Edward Golding, who recently took over as head of the Federal Housing Administration. Richard Green, who currently serves as the director of the University of Southern California Lusk Center for Real Estate, will take over for Golding as HUD senior advisor on July 1.
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Quicken Loans wins first round in court battle versus DOJ, HUD

Judge rules Quicken's suit against Feds will be heard first
Ben Lane
Quicken Loans secured the first victory in its gutsy battle against the U.S. Department of Justice and the Department of Housing and Urban Development. A federal judge ruled that Quicken’s lawsuit against the government will be heard, before the government’s case against Quicken is heard in a separate court, which favors the massive mortgage lender. Click the headline for HousingWire's extensive coverage.
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Veros now offers first direct connection to FHA appraisal portal

Will allow lenders to send appraisals through Veros’ software
Ben Lane
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced Monday that it is implementing a direct connection to the portal, which will allow for electronic appraisal submissions through Veros’ proprietary product, Pathway.
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Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
Trey Garrison
Recent FHA changes to the reserve requirements for multifamily lenders are putting the squeeze on apartment owners at the nexus of stagnant wages, rising rents, and a shortage of affordable rental housing. Here's why it's bad for the very people FHA is supposed to be helping.
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FHA beefs up foreclosure prevention initiatives

Housing advocates applaud changes to HUD’s distressed asset program
Trey Garrison
The FHA and HUD are taking steps to amp up foreclosure prevention, and some housing advocates like what they’re hearing.
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First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high
Trey Garrison
Agency loans for first-time buyers are as risky as they’ve been since the AEI started tracking mortgage risk. With pressure on to loosen credit standards even more, are you worried?
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