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Fannie Mae picks non-profit for first small sale of non-performing loans

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Items Tagged with 'FHA'

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HUD proposes new rules for FHA loans

Restores stipulation that lenders must certify they weren’t disciplined by government
Answering questions raised by, amongst others, leading Democrats in the House and Senate, Department of Housing and Urban Development released a revision to its previously announced changes to the rules for lenders that remit loans to the Federal Housing Administration. Click here to read about how the FHA's rules are about to change.
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Parkside Lending launches super-low down payment jumbo mortgage

Begins offering 95% LTV products without mortgage insurance
Parkside Lending's latest announcement follows recent industry trends in the mortgage industry. The lender said it is expanding its jumbo product offerings to go to 95% LTV without mortgage insurance. The catch: Borrowers need 2 years of payments held in reserve.
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HUD moves to officially revise FHA lien pecking order

Obama administration moves to curb super priority liens
Echoing similar calls late last year from the Federal Housing Finance Agency to preserve the first-lien status of loans guaranteed by Fannie Mae and Freddie Mac, the Department of Housing and Urban Development announced Monday that it intends to prioritize liens created by the Federal Housing Administration. So which loans are now subordinate?
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FHA continues push for expanded credit access

Supplemental Performance Metric will give insight about lenders
Furthering a program that was initially announced in May of last year, the Federal Housing Administration announced the implementation of one of the key facets of its “Blueprint for Access,” which is designed to expand credit access to underserved borrowers. Click through for all the details.
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Ginnie Mae just had its biggest month ever

Sets record for MBS issuance in July
Lest anyone think that the government’s position in housing isn’t more than firmly entrenched, Ginnie Mae announced last week that in July it set a record for mortgage-backed security issuance. Here are all the details.
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From HW Magazine

Company Spotlight: Superior Home Services

Meeting HUD's requirements for conveyance
Superior Home Services has specialized in FHA default servicing since the company was founded in 1984. This focus has fueled the company’s drive to innovate in providing hazard insurance recovery services, and has resulted in a unique FHA default solution that remediates properties in light of HUD conveyance standards.
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Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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